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BEDROOMS 2
BATHROOMS 2
KITCHENS 13
ROOMS X13558120
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Property Description
THIS IS THE ONE THAT YOU HAVE BEEN WAITING FOR! Stunning turn-key DUPLEX located in the heart of the historic Woodfield district. This beautifully maintained property has been renovated from top to bottom without losing any of its original character and charm. An amazing investment opportunity offering a lucrative return on investment. Perfect for an owner occupied. Live in one unit and have the tenant pay your mortgage! Both units feature high ceilings, stained glass windows, impressive woodwork and gleaming hardwood flooring throughout. Updated kitchens with newer appliances included. Main floor 3 bedroom unit currently rented for $2,400/month plus hydro. Upper floor 2 bedroom unit currently rented for $1,950/month plus hydro (Commencing May 2026). Both A+ tenants. Basement currently rented as storage for $200/month. Convenient in suite laundry. Separate entrances for additional privacy between units. Oversized private concrete driveway with parking for 3 cars. Zoning: R3-2 (allows up to 4 units for potential increased income), OC2 permits for a variety of uses including commercial opportunities. Ideally located within close proximity to great schools, restaurants, public transit, Canada Life Place, Fanshawe College-Downtown Campus, Victoria Park and great shopping along Richmond Row. Time to stop thinking about owning income property and finally call yourself an investor. Do not miss this opportunity to build your real estate portfolio!
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Property Features
None
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Property Details
Address
578 Waterloo Street
Community
City
Postal Code
N6B 2P9
Property Type
Duplex, Duplex
Lot Size
33' x 165'
Taxes
$5,331 (2025
Basement
Partial Basement, Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Century 21 First Canadian Corp
Heart of "Old South." Well maintained charming duplex. Excellent features including separate hydro meters, separate private 2 car parking for each unit. Both units have 2 spacious bedrooms and ensuite laundry. Excellent opportunity for live in or investment. 2 gas lines and 2 water lines, tenants pay all utilities.
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Welcome to this turnkey, well-maintained duplex property in one of East London's most desirable neighbourhoods with massive development potential! The fully self-contained up-and-down duplex offers an exceptional opportunity for investors, multi-generational families, or owner-occupants looking to offset their mortgage with rental income. The upper unit features a bright and spacious 2-bedroom, 1-bathroom layout with the added bonus of a sunroom, providing extra living space. The main floor unit offers an identical 2-bedroom, 1-bathroom floor plan and enjoys exclusive access to a full basement featuring a large recreation room, utility area, and ample dry storage space. A standout feature of this property is that each unit is separately serviced with its own hydro meter, gas meter, furnace, and water heater, providing true independence for both units and simplifying property management. Outside, you'll find a massive, oversized double-car garage, featuring both heat and hydro, an extremely rare feature that is perfect for hobbyists, contractors, car enthusiasts, or additional rental income potential. Situated on huge 60ft x 151ft lot with a fully fenced backyard, the property presents exciting development potential. The expansive lot and existing layout may lend themselves to the addition of an accessory dwelling unit (ADU) or future expansion, offering the opportunity to further increase revenue and maximize the property's value (subject to municipal approvals). There may also be potential to put a 3rd unit in the basement for a savvy investor. The property also offers parking for 10+ vehicles, making it ideal for tenants, guests, trailers, work vehicles, or future projects.
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Great investment property close to downtown with short bus rides to both of Fanshawe College and Western University. Fully tenanted property with total rental income of $3600 per month (upper leased until Nov 2026 - $1450, and main is month to month - $2150) with tenants paying all utilities. Tenants are planning on staying. Fully funded this property has a capitalization rate about 5.5% meaning right from the start it is cash flow positive. Building was cleaned up and renovated in 2023 so very little can be expected in terms of maintenance fees for the next few years. Rents are slightly below market value meaning this building will perform more strongly and be an even better addition to your portfolio as time progresses. This yellow brick home sits on the edge of Woodfield and Old East Village. The main floor has 2 large bedrooms plus a basement with additional room. The upper has 1 bedroom plus den, both with in suite laundry. Property is being sold fully furnished excluding tenants belongings. Parking is at the rear of the building and access is off of Princess.
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Located in nearby heart of downtown London. This solid brick duplex (currently) is a turn-key operation rebuilt approximately 22 years ago. 2 units upper and lower. Approx 700sqft each, two-2 bed units--individual heating systems, tenant pays own utilities (heat, light, water) all separate meters. Parking allows for approximately 8 cars, with separate driveway entrances. No shared common area. Built past current standards at the time of construction, foam insulation main floor walls, double brick, 2x6 construction, sound proofing in ceiling, all fire coded and licensed through the city (licenses provided), separate entrance with commercial steel doors, main floor unit has custom wrought iron screen door. Each unit has gas stand-alone fireplaces that heat the unit with electric baseboard backups. Security cameras system installed monitored through app. Could be converted back to single-use again with inside access to both floors. This is a perfect opportunity to have a small business and still have an income to cover bills. Live in or retain current tenants. The new owner will assume new tenants at the time of closing. Take note of the Zoning Description in Docs. Many Uses under the BDC (35)H13Business District Commercial Area View Doc for rent. Roll. Do not go direct. L/A will coordinate with tenants
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Attention investors! Excellent, turn-key, cash-flowing, licensed rental property with 2 self-contained units. The upper unit consists of the Main Floor and 2nd Floor. It includes 4 spacious bedrooms, 2 bathrooms (one 4-piece & one 3-piece), a large living room, and functional kitchen. The basement unit includes 1 bedroom, one 4-piece bathroom, a cozy living room, and large eat-in kitchen. Both units have been updated, are carpet-free, have lots of natural light, and their own private laundry. Outside, there's parking for 3 cars. Ideal location, close to parks, shopping, transit, entertainment, and Western University. Currently rented for $4,412/month.
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Turnkey Legal Duplex Walking Distance to Western University! An exceptional opportunity in one of London's most sought-after rental locations. Licensed as a legal duplex, this well-maintained property features two self-contained suites with separate hydro meters and private laundry in each unit. Approximately 10 years ago, the home underwent extensive renovations that included electrical, plumbing, insulation, flooring, kitchens, bathrooms, windows, shingles, siding, furnace, central air, and appliances, offering peace of mind for years to come.The front unit offers 3 bedrooms, a bright living room, an updated kitchen, and a 4-piece bathroom. The rear unit features a comfortable 1-bedroom suite with its own kitchen, living room, and 4-piece bathroom, creating an excellent opportunity for additional rental income.Outside, enjoy a generous partially fenced backyard, parking for up to four vehicles, and a detached garage/workshop with hydro, perfect for storage, hobbies, or additional workspace. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the other, this property offers outstanding flexibility and long-term value. Located on a quiet street just minutes from Western University, public transit, and everyday amenities, with direct bus routes to Fanshawe College and downtown, this is a turnkey investment in a consistently high-demand rental area.
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Nestled in the heart of sought-after Wortley Village, this charming duplex offers an incredible opportunity for investors or owner-occupiers alike. Just a short stroll to local shops, cafés, restaurants, parks, and all the character that makes Wortley one of London's most beloved neighbourhoods, this property combines location, lifestyle, and income potential. The main floor features a spacious 2-bedroom unit filled with warmth and character, while the upper level offers a bright and inviting 2-bedroom suite. Situated on a mature lot in an established neighbourhood, this well-maintained property is surrounded by tree-lined streets, heritage charm, and a strong sense of community. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this is a rare opportunity to own a piece of Wortley Village.
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NOW FULLY VACANT! Two - 2 bedroom units! Looking for a turnkey rental or multi-generational living solution? This excellent east-end duplex features lots of updates in a great location and would be perfect for an owner-occupied income property. The main floor unit has a fresh neutral decor and while retaining the benefits of a mature home, including hardwood in the living and dining rooms, tray ceilings, and rounded entryways to many rooms. The living room is bright and welcoming thanks to a large window, while a fireplace with traditional mantel provides a focal point and cozy gathering place. The adjacent dining room offers line of sight and is perfect for entertaining or holiday gatherings. The kitchen includes ceramic flooring and lots of storage in updated cabinets, plus a chef-approved gas stove. This level includes two updated bedrooms as well as a modern 4 piece bath, and the lower level has in-suite laundry and a large storage area. The upper unit (also a two bedroom) features a roomy rear-facing deck and dedicated entrance, a light-filled living room (thanks to an oversized window), updated kitchen with eat-in privileges, and a very nice 4 piece bath. The home includes a detached double car garage, long driveway for lots of parking, and well-maintained front and rear yards surrounded by mature trees. Situated on a mature street close to shopping, transit, restaurants and more, you're also close to the 401 and cross-city travel via Highbury Ave. Updates include some newer windows, new furnace (2024) and updated AC (2019). Whether you're looking for a pure income property or are considering an owner-occupied rental approach to get into the market, this home provides an excellent location and two well-laid out units that will appeal to a wide range of potential tenants. Both units are vacant
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INCOME PROPERTY!! Welcome to 908 Trafalgar Street - a turn-key investment offering strong cash flow and excellent upside potential. The main floor features a spacious three-bedroom unit, currently rented on a 12-month lease that began April 1, 2026. The upper level offers a bright 1-bedroom + den unit, currently rented on a 12-month lease that began May 1, 2026. The lower level presents an outstanding value-add opportunity, featuring a separate entrance and framing already completed for a future 2-bedroom suite. With the layout already in place, this space offers excellent potential to become a third income-producing unit, significantly increasing the property's overall cash flow. Whether you're an investor looking to expand your portfolio or a buyer seeking a property with future income growth, 908 Trafalgar Street offers immediate rental income, substantial upside, and long-term investment potential.
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Rare Multi-Generational Gem or Premier Investment Opportunity / Spacious Bungalow with Resort-Style BackyardWelcome to a truly unique and versatile residence offering unparalleled space, functional division, and exceptional outdoor living. Designed with flexible living in mind, this sprawling bungalow boasts a main floor tailored for two distinct living setups or a grand family footprint, complemented by a fully equipped, double-entry basement suite. The main floor offers 4 bedrooms, 2 kitchens, 2 full bathrooms and a sunroom the takes you to a 16x32 Inground Pool and an ample outdoor dining and lounging space shaded for ultimate comfort. There are 2 separate exterior entrances to the basement that has a Kitchen, 2 bedrooms a full bathroom an execise room. 1.5 car garage and a driveway for 8 cars. Whether you are looking for an income-generating investment, a multi-generational setup with total independence, or an expansive forever home with an incredible backyard retreat, this property delivers endless potential.
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