1010 Dearness Drive,London South (South Y), ON N6E1N7
London South (South Y), ON N6E1N7
Description
Multi-generational living at its best or exceptional rental investment opportunity, this detached linked home with 3 separate entrances boasts 8 bedrooms, 6 full bathrooms and 3 fully equipped kitchens all in the desirable neighbourhood of White Oaks!! The main house has 4 bedrooms with the primary on the main floor, 2 on the second level and one in the basement in-law suite with each level having a 3-piece bathroom. The self-contained in-law basement suite has a full kitchen and living/dining room. The addition, completed in 2022, has 3 bedrooms on the main floor and one in the basement. The main floor with hardwood floors also has an ensuite 4-piece bathroom, another 3-piece bathroom, full kitchen with quartz counter-tops, breakfast area with walk-out to the large deck, dining/lounge area and living room. The basement has the 4th bedroom, a 3-piece bathroom and recreation room. There is enough space to add 2 more bedrooms in the basement with each having egress windows. Many extras and updates done to the main house such as new roof in 2026 and 200-amp service added, separate central A/C installed in 2017 and laminate floors in 2019. In 2022, the front porch was re-built, a small 1-car garage added as well as an interlocking brick driveway holding 4 vehicles. Heating, ventilation and electrical are not shared between the 2 houses, but the hot water tank was purchased in 2017 and shared. These two houses are separated by a small foyer, each having separate entrances. Apart from multi-generational family living, this property has an excellent rental potential! The main house has the potential to be rented for $2,500 to $3,200 per month while the addition may bring in $3,500 more, potentially generating up to $6,700 in monthly gross revenue which may tally over $80,000 per year! Location is key as White Oaks Mall is only a 10-15 minute walk away with easy public transport connections to downtown London. ** This is a linked property.** (id:13843)
Details
| MLS # | X13876510 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 24 |
| Listing Provided By | CENTURY 21 FIRST CANADIAN CORP | BRIAN TRABOULAY |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 2,000 |
| Garage | 5 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | R1-4 |
Interior
| Cooling | Central air conditioning, Air exchanger, Ventilation system |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Refrigerator, Central Vacuum, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Two Washers, Garage door opener remote(s), Water Heater |
| Fireplace Yes / No | Yes |
| Fireplaces Total | 1 |
Exterior
| Security Features | Alarm system, Smoke Detectors, Monitored Alarm |
|---|---|
| Lot Features | Flat site, Dry, Sump Pump, In-Law Suite |
| Foundation Details | Poured Concrete |
| Fencing | Fenced yard, Fully Fenced |
Parking
| Parking Features | Detached Garage, Garage |
|---|---|
| Parking Total | 5 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 7115.7 |
|---|
Area Information
| Province | ON |
|---|---|
| City | London South (South Y) |
| Postal Code | N6E1N7 |
| Listing VS Median (in N6E1N7) | |
Price: $899,998 low | high Med: $779,900 sqft: 2,000 low | high Med: 1,100 $ / sqft: $450 low | high Med: $709 On site: 24 low | high Med: 2 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | London South (South Y) |
| Postal Code | N6E1N7 |
| Listing VS Median (in N6E1N7) | |
Price: $899,998 low | high Med: $779,900 sqft: 2,000 low | high Med: 1,100 $ / sqft: $450 low | high Med: $709 On site: 24 low | high Med: 2 | |
