Fully renovated in 2024, this spacious detached bungalow with separate units offers a strong investment opportunity and excellent flexibility for multi-generational living or owner-occupied rental income. Recent updates include a new roof, North Star windows, flooring, furnace, siding, quartz countertops, new doors and trims, updated kitchens on both levels, and modern bathrooms with new vanities, making this a truly turnkey property. Configured as a legal duplex-style setup, the property has a projected income of $4,000/month in total rental income: the main unit can rent for $2,400/month plus utilities, and the lower unit can rent for $1,600/month with heat included and hydro separate. Each unit features its own kitchen, full bathroom, separate hydro/water/gas, individual laundry, and its own fireplace. A spacious den on the upper level adds even more functional living space, while durable vinyl flooring runs throughout both levels. Outside, the property offers parking for 5 large vehicles plus an additional garage space-rare for the area. Located within walking distance to the Hard Rock Hotel, Tim Hortons, Western Fair District, and nearby amenities, this location provides strong rental appeal and convenience. Whether you are an investor seeking a cash-flowing asset with an approx. 8.15% CAP rate, or a family looking for separate living spaces, this renovated bungalow delivers long-term value, versatility, and income potential. For those looking to offset living costs, this property is also an ideal live-in investment. You can comfortably reside in one unit while renting out the other to significantly reduce monthly expenses. With current market rents, the second unit can cover a substantial portion of the mortgage, utilities, and other household bills, making this home an excellent option for first-time buyers, downsizers, or families seeking affordability without compromising space or privacy.
Details
X12832728
Detached/4
$524,900
Vacant
None
1 + 1
Bungalow
2 + 1
2
1100-1500 Sqft
N/A N/A
N/A
Detached
Sale
Additional details
Forced Air / Gas
$2901.46
2025
LOT 3 WEST OF CHARLOTTE STREET PLAN 316 (3RD) LONDON
N/A
N
Full
1
None
Landscaped,Privacy
Library,Park,Place Of Worship,Public Transit,Rec./Commun.Centre,School
Municipal
Rooms
Foyer
Main Level
2 x 2.55
Family Room
Main Level
4.27 x 3.6
Dining Room
Main Level
3.27 x 4.27
Kitchen
Main Level
3.03 x 3.4
Bedroom
Main Level
3.04 x 3.58
Bedroom
Main Level
2.6 x 4.17
Bathroom
Main Level
1.84 x 2.01
Den
Upper Level
3.67 x 7.31
Foyer
Main Level
1.91 x 3.83
Laundry
Basement Level
2.61 x 4.18
Family Room
Basement Level
2.93 x 4.51
Kitchen
Basement Level
2.52 x 3.65
Dining Room
Basement Level
3.35 x 2.17
Bedroom
Basement Level
2.95 x 4.11
Bathroom
Basement Level
2.26 x 1.5
Schools Nearby
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FAQ
What is the total square footage of the X12832728 - 437 Charlotte Street, London East, ON N5W 4A5?
The total square footage of this property is 1100-1500 SqFt.
What schools near to X12832728 - 437 Charlotte Street, London East, ON N5W 4A5?