75 Tweed Crescent, London North, ON N5X 1Z5 (MCLEAN AND TWEED)

Price : $799,000.00 , MLS®# : X12759678

Description

Legal Duplex in a Quiet, Established North London NeighbourhoodThis well-maintained legal duplex is located in a desirable North London area known for its quiet streets and long-term appeal. Close to schools, Western University, Fanshawe College, and Masonville Mall, the property offers an excellent opportunity for investors, multi-generational households, or owner-occupants seeking rental income.The vacant main unit is bright and thoughtfully laid out, featuring three spacious bedrooms, an oversized living room window, and a striking floor-to-ceiling fireplace that anchors the space. The kitchen has been updated with new quartz countertops, a new sink and faucet, while the renovated 5-piece bathroom includes a new bathtub and a modern glass shower surround.The fully renovated legal lower-level apartment offers two bedrooms, a 3-piece bathroom, and large egress windows that bring in plenty of natural light. This unit is currently rented, providing steady income. Both units have private entrances and their own in-unit laundry. Utilities are split with the main unit paying 70% and the lower unit 30%. The property generates approximately $50,000 in annual revenue and is equipped with a high-efficiency heat pump valued at over $15,000, offering year-round comfort and energy savings. A spacious backyard adds to the overall functionality and appeal. With its strong income potential, flexible layout, and prime North London location, this property is a solid long-term investment and a smart place to call home.

Location Description

MCLEAN AND TWEED

Property Details
  • Community: North H
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 5
  • Bath: 2
  • Garages: None
  • Annual Property Taxes : $ 3956
Building Features
  • Foundation Type: Poured Concrete
  • Counstruction Material : Brick-Aluminum Siding
  • Total Parking Space : 2
  • Parking Type : None
Building Features
  • Heating : Forced AirGas
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 53 sq.ft
  • Land Depth: 151sq.ft

Listing Contracted With: ROYAL LEPAGE TRILAND REALTY