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$389,500
Ontario,London East (East G)
For Sale Active
981 LORNE AVENUE, London East (East G), Ontario N5W3L4
  • 4
  • 3
  • 1100 - 1500Square Feet
Basic Details
Description

AMAZINGLY PRICED LONDON, ON DUPLEX! Superior Up-&-Down LEGAL DUPLEX (w/ TRI-PLEX potential*) in Old East Village! This well-maintained LEGAL duplex (formerly a TRI-PLEX) is ideally located in a desirable pocket of Old East Village, close to schools, playgrounds, shopping, Western Fair District, & countless other amenities. Featuring separate entrances & separate hydro meters, this property offers flexibility, privacy, & proven

strong income. The spacious main unit spans two levels & offers 2 bedrooms with the potential to be used as 3 bedrooms (given the additional living space in lower level) along with an impressive 2 FULL bathrooms. This unit feels like a full house, making it perfect for owner-occupiers or families seeking space & comfort. Helping to offset your mortgage is a great upper-level tenant in the 1 bedroom/1 bathroom unit, creating an ideal live & earn opportunity! The home is in excellent overall condition, making for truly easy “landlording”. Major upgrades were completed in 2013, including wiring, plumbing, furnace, & insulation (walls and attic). The roof was replaced in 2011, & renovated bathrooms, kitchen, & windows were completed in 2019. Two full sets of appliances are included. Additional highlights include loads of parking, a fully fenced yard w/ patio & handy garden shed, & a *walk-up lower level (SEPERATE ENTRANCE to LOWER) that could potentially be converted back to a triplex, unlocking even more income. This place is irrefutably loaded with value! Both units are currently rented month-to-month, offering flexibility for investors or owner-occupiers. Live in one unit with strong rental income, or rent both for maximum returns. Turn the key & go – such a good buy! Vacant possession of primary owner occupied 2-level unit available immediately if desired, or keep the owner in that unit at $2100/month + hydro. Excellent upper unit tenant on month to month terms at $1450 + hydro would be happy to stay. $42.6K per yr gross w/ minimal expenses (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12955672
  • Price: $389,500
  • Bedrooms: 4
  • Bathrooms: 3
  • Square Footage: 1100 - 1500 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 47287
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Basement: Finished, N/A, Walk out
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
  • Utilities: Electricity, Sewer, Cable, Wireless
Address Map
  • Location: CA, Ontario, London East (East G), N5W3L4
  • Street: Lorne
  • Street Number: 981
  • Street Suffix: Avenue
  • Longitude: W82° 46' 48.6''
  • Latitude: N42° 59' 44.3''
Additional Information
  • Water Source:
  • Community Features:
  • Foundation Details:
  • Lot Size Dimensions: 38 x 61.3 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 3588
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Listing updated: 2026-04-06 13:47:40
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Listing Information
  • List Agent Key: 1895797
  • List Office Key: 47287
  • Modification Timestamp: 2026-04-04T18:30:36Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2026-04-04T18:21:37Z
Powered by REALTOR.ca
Listing updated: 2026-04-06 13:47:40
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