➧
➧
Browsing Limit Reached
Please Register for Unlimited Access
2 + 2
BEDROOMS3
BATHROOMS1 + 2
KITCHENS13
ROOMSX9511129
MLSIDContact Us
Property Description
Sweet investment opportunity. Ideal for investors, large families, or house hackers. Zoned R3-1, this yellow brick home offers excellent rental income potential. Currently assessed as a duplex, it also features a third bachelor unit and a fourth entrance to the upper loft, perfect for use as a home office or studio. All units are vacant except for the main level, which is occupied by the owner, making this property ready for immediate occupancy or tenants. Located within walking distance to downtown London, Budweiser Gardens, walking trails, and major bus routes, this property is also just 25 minutes from Wortley Village. The home retains much of its original character, with high ceilings, detailed trim, and a charming clawfoot tub. The main level includes a spacious eat-in kitchen with patio doors leading to a fenced backyard, as well as a large living, bright sunroom, and dining room with 10-foot ceilings. Heating system features two gas fireplaces, one gas heater, and a woodstove on the main floor, with another gas heater upstairs and two electric fireplaces throughout the property. The sunroom, updated in 2024, includes a skylight, two patio doors, and large windows that overlook the private backyard. Parking is available at the side and front of the home, and the property offers 200-amp service. Appliances include three fridges, three stoves, a washer, dryer, and a stovetop microwave. With R3-1 zoning permitting up to four units, this property offers an opportunity for investors looking to grow their portfolio or homeowners wanting rental income to offset mortgage costs. Selling as is.
Call
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-24 | 2024-10-24 | 92 | $549,900 | - | Expired |
| 2024-07-24 | 2024-08-12 | 19 | $549,900 | - | Suspended |
Property Features
Fenced Yard, Park, Place Of Worship, Public Transit
Call
Property Details
Street
Community
City
Property Type
Duplex, 2 1/2 Storey
Approximate Sq.Ft.
2000-2500
Lot Size
47' x 88'
Acreage
< .50
Fronting
West
Taxes
$3,033 (2023)
Basement
Crawl Space
Exterior
Brick
Heat Type
Other
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
5
Driveway
Lane
Garage Type
None
Call
Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Bathroom | Ground | 6.89' x 11.61' | 4 Pc Bath |
| Br | Ground | 10.37' x 11.55' | |
| Br | Ground | 7.48' x 11.52' | |
| Family | Ground | 11.35' x 12.11' | |
| Foyer | Ground | 6.30' x 8.60' | |
| Kitchen | Ground | 32.58' x 17.32' | |
| Living | Ground | 12.11' x 14.01' | |
| Sunroom | Ground | 13.35' x 13.71' | |
| Bathroom | Ground | 5.61' x 6.43' | 4 Pc Bath |
| Family | 2nd | 11.61' x 13.42' | |
| Br | 2nd | 9.51' x 12.07' | |
| Kitchen | 2nd | 9.51' x 11.84' |
Call
London Market Statistics
London Price Trend
193 Waterloo St is a 2-bedroom 3-bathroom home listed for sale at $524,900, which is $10,554 (2.0%) lower than the average sold price of $535,454 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 2 bedroom home in London declined by $4,909 (0.9%) compared to the previous 30 day period (September 1 - September 30) and down $60,546 (10.2%) from the same time one year ago.Inventory Change
There were 85 2-bedroom homes listed in London over the last 30 days (October 1 - October 30), which is up 2.4% compared with the previous 30 day period (September 1 - September 30) and up 1,600.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in London typically sold ($3,744) (0.7%) below asking price over the last 30 days (October 1 - October 30), which represents a $3,515 increase compared to the previous 30 day period (September 1 - September 30) and ($3,000) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in London over the last 30 days (October 1 - October 30) stood at 71.8%, down from 72.3% over the previous 30 days (September 1 - September 30) and up from 40.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in London stood at 26 days when successfully sold over the last 30 days (October 1 - October 30), compared to 54 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Advantage Realty Ltd.
Similar Listings
This legal duplex, zoned R3-2 is located in the downtown Woodfield District, is one block from Victoria Park, and has been recently updated. Brand new furnace and A/C unit late July/2024. Main floor unit is 2 bedroom with private back patio and upper unit is one bedroom with private upper deck, hardwood floors, vaulted living room ceiling and private entrance. Currently rented at 2100 main floor and 1985 upper so great current market rents. Shared laundry on main floor and parking out front for 4 cars. Lot is 150 ft deep so plenty of room for an addition. Investors come check this one out, and minimum 24 hours notice required for all showings due to tenants.
Call
Excellent opportunity in Old South! This R2-2 zoned Duplex features a spacious 3 bedroom main floor unit. The basement is currently set up as a bachelor apartment with its own kitchen and bathroom. This property could easily be used as a family home or remain as two units. Both units can be accessed from the large breezeway between the living space and the garage. This home features two large garages. The first garage is approximately 16 ft x 22 ft and can accommodate a car hoist. The rear garage is approximately 19 ft x 39 ft with access from behind the property off a lane way and through the front garage. Located in the heart of London just a few minutes walk to Victoria Hospital, beautiful parks, shopping, restaurants, daycares and schools.This home is currently vacant and ready for viewing.
Call
Cute as a button! This licensed duplex is centrally located between Old South and Downtown London, making accessibility a breeze. Two above grade units with parking for both make this an ideal investment opportunity, or chance for a Buyer to affordably live in one unit while renting the other to offset those mortgage payments. Both units enjoy their own entry, as well as shared laundry and storage in the lower level. Unit A ($1998/month) includes a bright sunroom/mudroom, cozy livingroom with fireplace (not used), and functional kitchen with dishwasher, chic open shelving, and access to the backyard. Upstairs offers two good sized bedrooms with lots of natural light, as well as a full bathroom and ample storage space. Unit B has been recently updated and is vacant, with projected rent of $1500/month. Filled with sunlight, this unit includes a cozy sunroom, bright, freshly painted living room, neutral kitchen with white cabinetry, full bathroom with tiled tub surround, and a bedroom with patio door access to the rear deck. Other updates include: washer/dryer (2023). Updated AC (2018), shingles on front replaced (2023). Two parking spaces at rear of property, with up to date rental license. NOI: $35,000
Call
Opportunity Is Knocking In This Quiet And Mature Neighborhood. If Becoming An Investor Appeals To You, Then This Property Is For You. With The Main Floor 1Bedroom Unit And Bath And The Upper 2 Bedroom and Bath Are Currently Tenanted Ensuring An Immediate Income Source. New Windows And Doors in 2020. Both Kitchens Recently Renovated Providing Each Unit With Fridge , Gas Stove, And Over The Range Microwaves. Don't Forget The Spray Foam Insulated Basement, 100 Amp Service And A Sprinkler System , High Efficiency Furnace And Central Air. Come Take A Look, This One Might Be The One You're Looking For.
Call
Call