585 Colborne St

Fabulous Investment Opportunity To Own This Property Located In The Heart Of Old East London. 4 Vehicle Parking In The Back Alley. On Site Laundry. Main Floor 2 Bd + Den And 4 pc Bath. Upper Unit Is A 1 Bedroom 1 Bath. Both Units Are Leased . 3rd Unit In The Basement Which Is Currently Vacant. Fully Fenced Yard. All Units Come Equipped With Fridge And Stove.

Looking for your next turnkey income generating opportunity? Or a place to call home with some help paying off your mortgage? Welcome to the Ontario cottage at 10 McClary Avenue! A fully updated and VACANT triplex situated in the desirable neighbourhood of Old South. Built in 1878 by John McClary and his family, this cozy McClary cottage was originally inhabited by Peter Aitken, who worked and lived as head gardener for the McClary estates. At the time, the gardens, green houses and fruit orchards extended all the way to the Thames river. Not only do you not have to renovate these three units, this heritage home has kept all of its historic warmth and charm! With great respect for its heritage value, much of the integrity of the original design has been lovingly maintained and restored. Historically, the McClary Ave estates were referred to as the "Beacon Lodge", while 10 McClary was, and still is referred to as "The Gardeners Cottage". The property backs on to a permanent green space behind Grand Wood Park Hospital, overlooking a park like setting. Close to Western University, Fanshawe College, Victoria Hospital, an abundance of shopping centres, restaurants, and all of downtowns lovely parks, this property is perfect for someone looking to be located centrally, but live in a peaceful, quiet area. Here, you can benefit from all the amenities and conveniences of London while still enjoying a sense of tranquility in your own home. This 1 1/2 storey home offers 3 fully equipped units, each with their own generously sized eat-in kitchens, primary bedroom, living rooms illuminating tons of natural light, and each with a 4-piece bathroom. There is ample parking and separate entrances to ensure space and privacy for each unit. The metal roof is an added bonus as there is no need for costly renovations! At 10 Mcclary, the options are endless. Don't delay, book your showing today!

Situated on a beautiful quiet treed street, sits this newly renovated historic charmer multi-unit property. The second story addition of a new upper legal unit was just completed with building permit in 2023. This is the perfect owner occupy mortgage helper, multi-generational home or turnkey investment property (over $62,000 annual rent income possible). Presently the main level three bedroom unit is rented at $2074 a month plus utilities; and $1529 for the garden suite inclusive of utilities. There is a rare detatched coach house tucked away in the backyard that provides the perfect work-from-home studio location you have been searching for or just additional income! Currently the upper spacious studio unit is vacant making this a perfect mortage helper property for the owner to reside in one unit and collect rental income from the other two units. Top to bottom, nearly everything has been redone from new luxury vinyl plank floors throughout, new roofs, a new on demand high efficiency hot water heater system, new plumbing and electrical throughout, energy efficient windows, brand new kitchens (with gas stoves), brand new redone bathrooms with luxury tile, stainless steel appliances, and a brand new heat pump / AC system to be installed prior to closing. This is not one to miss, such a unique property with all these features rarely comes on the market. Seller financing / vendor take back option to aid in the process of downpayment possible for qualified buyers. Dont wait!