553 Quebec St

London, N5W 3Y9
FOR SALE
$579,999
553 Quebec St, London
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
553 Quebec St
Browsing Limit Reached
Please Register for Unlimited Access
4
BEDROOMS
2
BATHROOMS
1
KITCHENS
5
ROOMS
X9265752
MLSID
Contact Us
Property Description
Amazing Investment Opportunity Located in the heart of London! This turn-key, low maintenance legal duplex in Old East Village will be an amazing addition to your portfolio. Close to downtown, Western Fair Farmer's Market and all amenities including bus routes to both Fanshawe College and UWO. Perfect for anyone looking for a spacious, cash flowing investment or a mortgage helper to ease your payments. This building features 2 spacious units has an extensive list of recent updates: Three Hydro meters and updated Electrical Panels (2022), Roof (2014), Siding/eavestrough/soffits/fascia (2021), Updated plumbing (2021), Furnace (2019), Fence (2020-2021). In addition, there is coin-operated shared laundry and plenty of parking. Separate entrances for both units and the full unfinished basement for storage/workshop.Fully rented to high-quality A+ tenants for $3075/month. Rent from 1st September $3464 (Plus unit 2 pays hydro and gas as well)
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-06-11 2024-08-22 72 $579,999 - Terminated
2024-02-15 2024-06-11 117 $574,888 - Terminated
2002-04-19 2002-08-30 135 $99,900 - Expired
2022-11-15 2022-12-12 27 $499,900 $535,000 Sold
2021-07-26 2021-08-27 32 $374,900 $360,000 Sold
2023-11-22 2024-02-15 85 $574,888 - Terminated
2023-08-14 2024-01-27 184 $599,999 - Expired
2023-06-15 2023-08-03 49 $599,000 - Terminated
2023-11-06 2023-12-06 30 $574,888 - Terminated
2023-07-27 2023-11-06 102 $599,999 - Terminated
2023-06-08 2023-07-27 49 $599,000 - Terminated
2022-11-18 2023-02-15 92 $499,900 - Expired
Property Details
Street
City
Property Type
Duplex, 2-Storey
Lot Size
32' x 100'
Fronting
West
Taxes
$3,012 (2024)
Basement
Full, Unfinished
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
None
London Market Statistics
London Price Trend
553 Quebec St is a 4-bedroom 2-bathroom home listed for sale at $579,999, which is $348,911 (37.6%) lower than the average sold price of $928,910 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 4 bedroom home in London increased by $43,750 (4.9%) compared to the previous 30 day period (July 20 - August 18) and up $96,910 (11.6%) from the same time one year ago.
Inventory Change
There were 145 4-bedroom homes listed in London over the last 30 days (August 19 - September 17), which is up 25.0% compared with the previous 30 day period (July 20 - August 18) and up 559.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($40,513) (4.4%) below asking price over the last 30 days (August 19 - September 17), which represents a $18,612 decrease compared to the previous 30 day period (July 20 - August 18) and ($30,444) 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 4-bedroom homes in London over the last 30 days (August 19 - September 17) stood at 47.6%, down from 58.6% over the previous 30 days (July 20 - August 18) and up from 36.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in London stood at 38 days when successfully sold over the last 30 days (August 19 - September 17), compared to 68 days before being removed from the market upon being suspended or terminated.
Listing contracted with Exp Realty
Similar Listings
22 Bruce St, London
4
BEDS
2
BATHS
$599,000
FOR SALE
ATTN INVESTORS/MULTIPLE PROPERTIES ALERT/UNDER MARKET VALUE/WORTLEY VILLAGE DUPLEXES AND TRIPLEX! This is a Rare Opportunity to purchase a bundled deal of 3 properties all within a 2km radius of each other in Wortley Village. Not just for investors, this could be for multi gen families or buyers looking to offset their mortgage payments. This is an UPDATED DUPLEX with a ton of character, no renos needed, move in ready. Specs for this upper & lower duplex are as follows: Lower unit (Unit 1) has 2 bedrooms, 1 bathroom, large kitchen, large living room with stain glassed window, and laundry in basement. Upper unit (Unit 2) has 2 bedrooms, 1 bath, large kitchen, and laundry upstairs. This home is on a deep L shaped lot, surrounded with mature trees and a long driveway for ample parking. Walking distance to Wortleys main strip for a vibrant lifestyle. **Buyer to assume tenants** Dont forget to check out: 47 Beaconsfield Ave, London (MLS: X9306029) and 18 Stanley Street, London (MLS: X9306030).
47 Beaconsfield Ave, London
5
BEDS
2
BATHS
$585,000
FOR SALE
ATTN INVESTORS/MULTIPLE PROPERTIES ALERT/UNDER MARKET VALUE/WORTLEY VILLAGE DUPLEXES AND TRIPLEX! This is a Rare Opportunity to purchase a bundled deal of 3 properties all within a 2km radius of each other in Wortley Village. Not just for investors, this could be for multi gen families or buyers looking to offset their mortgage payments. Specs for this upper & lower duplex are as follows: Upper unit has 3 bedrooms, 1 bath, large front balcony, separate entrance, and needs minor renos. Lower unit has 1 bedroom, 1 bath, large living area, main floor laundry, and access to the unfinished basement. Additional info: attic has potential for future development and theres a separate double car garage. Fantastic location, surrounded by heritage homes, on a mature tree-lined street, and walking distance to Wortleys main strip for a vibrant lifestyle. **Buyer to assume tenants** Don't forget to check out: 22 Bruce St, London (MLS: X9306027) and 18 Stanley Street, London (MLS: X9306030).
90 Chesley Ave, London
5
BEDS
3
BATHS
$544,900
FOR SALE
This is the perfect home for the first time home buyer or investor. This front to back duplex, sits on a very large lot. One - 3 bedroom and the other - 2 bedroom. It is move in ready. The electrical all updated (knob and tube removed) and ESA in 2019, basement waterproofing system 2019, new a/c 2020, plumbing upgrade all cast iron to ABS throughout house and laundry and back bathroom removal old galvanized plumbing 2021. Back apartment Kitchen reno just finished. Plus more updates. Both apartments are vacant. Landlord pays water bill. This is a must see! Dont miss this opportunity!
908 Trafalgar St, London
3+1
BEDS
3
BATHS
$630,000
FOR SALE
Investment Opportunity - Duplex Zoned BDC-( Business District). Wide Range Of Permitted Uses Include But Not Limited To; Retail, Offices, Bake Shop, Hair Salon.. Save $$ Live And Work At The Same Address. Property Includes 1 Bedroom Upper + Storage/Den Unit . Full High Basement Approx. 40ftX23ft. Large Backyard.
23 Carfrae St, London
4
BEDS
2
BATHS
$579,000
FOR SALE
Embrace the perfect blend of historic allure and modern living at 23 Carfrae Street, a beautifully updated home nestled in coveted Old South. This century home, boasting 1,853 sq. ft. of above-grade living space, is teeming with charm and smartly designed for both comfort and style. The main floor welcomes you into an elegantly renovated space, complete with a brand-new kitchen and bathroom, finished with contemporary fixtures and finishes. A spacious living room becomes a cozy retreat or a lively entertainment area, depending on your mood. Upstairs, the second floor mirrors the generous layout with an expansive living room, accentuated by huge windows that flood the space with natural light, creating an inviting ambiance that's hard to resist. Both floors enjoy the luxury of privacy with separate driveways and entrances. Convenience is at your doorstep with this ideally located property, just a stroll away from the vibrant heart of downtown, and within walking distance to the award-winning Wortley Village. Revel in the local community spirit, top-tier dining, unique shops, and a host of amenities that Wortley Village is renowned for. Families will particularly appreciate the proximity to Thames Park and the esteemed Wortley Village Public School, making this property a desirable choice for those looking for a community-centric lifestyle. With potential rent of $4400+ per month and a cap rate of 7%+, whether you're an investor seeking a turnkey rental opportunity or a homebuyer dreaming of a downtown lifestyle without compromising on space and tranquillity, this property promises a blend of both. Don't miss the chance to own a piece of London's heritage with a modern touch. *Some pictures have been virtually staged*
28 BEATTIE Ave, London
4
BEDS
2
BATHS
$599,900
FOR SALE
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 dcor 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, youre 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 youre 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. Upper unit has longer term tenant and lower tenant leaving end of July 2024. Photos of main floor are from previous tenant.
420 EGERTON St, London
4
BEDS
3
BATHS
$550,000
FOR SALE
Welcome to this outstanding investment opportunity near the Western Fair District! This renovated duplex offers an impressive 7.6% REAL cap rate, making it a solid choice for savvy investors looking to expand their portfolio. This will cashflow at $1000/mo+ at today's interest rates. With a 10%+ Cash ROI and 18% ROI when factoring in principal repayment, this is a better return than both GICs and the stock market. With two spacious 2-bedroom units, a comfortable bachelor suite, and a rentable garage space, this property is sure to exceed your investment expectations. Each of the 2-bedroom units is currently leased for $1,700 per month, while the bachelor suite commands a rental rate of $1,000 per month. Additionally, the garage space can generate an extra $400 per month in income, resulting in a robust revenue stream. This property is close to schools, parks, shopping, Western Fair complex, 100 Kellogg Lane, and public transportation, making it an attractive choice for prospective tenants. Don't miss out on this rare opportunity to secure a high-yield, income-generating duplex with immense potential for the future. Contact us today to schedule a viewing and take the first step toward growing your real estate investment portfolio.
131 Sackville St, London
3+1
BEDS
2
BATHS
$580,000
FOR SALE
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.
538 Chester St, London
3+1
BEDS
2
BATHS
$579,900
FOR SALE
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.
379 Central Ave N, London
3
BEDS
2
BATHS
$549,900
FOR SALE
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.
454 Salisbury St, London
5
BEDS
2
BATHS
$624,900
FOR SALE
A remarkable opportunity for investors or homeowners seeking income potential! This well-maintained, legal non-conforming duplex offers immediate rental income and is located in a great neighbourhood with an easy commute to Fanshawe College. This all brick property stands out with its spacious layout and two separate units. The main unit combines comfort with functionality featuring three bedrooms, a generously sized kitchen and a living room with updated laminate flooring, vinyl windows and central air conditioning. This unit is currently rented to excellent tenants at market rent.The lower unit (vacant end of July) is accessible via two separate entrances includes two bedrooms, a similarly expansive kitchen and living room. This unit also always features an updated bathroom and laminate flooring. Shared laundry is available in the common space making it an attractive feature for prospective tenants. A detached garage provides additional storage or parking space. Additionally, the home is equipped with a modern Nest thermostat and a newer furnace. The prime location offers easy access to bus routes, downtown, shopping, schools, parks, and more. Don't forget the entertainment options with nearby craft breweries and the bustling hubs of The Factory and Clubhouse. Contact your real estate professional for a showing today.
7 Carfrae Cres, London
3
BEDS
2
BATHS
$534,900
FOR SALE
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
DIALOG CONTENT
Would you like to receive Similar Listing Alerts as soon as they are uploaded to MLS®?
How would you rate our website?
Would you like to rate us on Google?
Yes
1337102190