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670 Lorne Avenue, London, ON, N5W 3K5

MLS® # 40345295
Investment For Sale In East London, London, Ontario
$585,000
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
Matterport
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
670 Lorne Avenue, London, ON
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670 Lorne Avenue, London, ON, N5W 3K5
$585,000

Property Information:

Amazing triplex in the heart of Old East Village with vacant possession of unit 3 (bachelor) and unit 2 (3 bed + den). This great investment opportunity offers tons of parking, fenced backyard, a detached garage, separate hydro/gas meters, separate entrances to each of the units and parking on two sides of the property. Other features include a newer roof, three owned hot water tanks and each of the units are separately metered for gas and hydro. Landlord only pays water! Unit 1 is a 2 bedroom and pays $1214.40 monthly and has its own washer and dryer. Unit 2 is a three bedroom + den that pays 1600 monthly and will be vacant as of February 28. Unit 3 is a bachelor that pays $809.60 monthly. None of the units are in a basement. Basement is accessed through unit 2. The landlord would be willing to rent the garage at $250/monthly, creating more income opportunities for the new buyer. This property is a great addition to your existing portfolio or for someone looking to purchase their first investment property. Virtual tours available. Don't wait; check out this amazing opportunity today!

Water Heater Owned, Hot Water Tank Owned, Dishwasher, Dryer, Refrigerator, Stove, Washer

Inclusions: Hot Water Tank Owned

Exclusions : Tenant Belongings

Building Features:

  • Air Conditioning: Yes
  • Floor Space: 1837 Square Feet

Property Features:

  • Bedrooms: 5
  • Bathrooms: 4
  • Acres Range: < 0.5
  • Basement: Partial, Unfinished
  • Construction Materials: Vinyl Siding
  • Cooling: Central Air
  • Driveway Parking: Private Drive Single Wide, Private Drive Double Wide
  • Floor Space (approx): 1837 Square Feet
  • Foundation Details: Brick/Mortar
  • Heating: Natural Gas
  • Interior Features: Separate Hydro Meters
  • Laundry Features: In-Suite
  • Lot Depth: 90 Feet
  • Lot Features: Urban, Arts Centre, Business Centre, City Lot, Open Spaces, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, School Bus Route, Schools
  • Lot Frontage: 55.00 Feet
  • Parking Features: Detached Garage
  • Roof: Asphalt Shing
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Source: Municipal-Metered
  • Zoning: R3-2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 7

Courtesy of: THRIVE REALTY GROUP INC.

Data provided by: London St. Thomas Association of REALTORS® 342 Commissioners Rd. W., London, Ontario N6J 1Y3
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Location of 670 Lorne Avenue, London, ON, N5W 3K5

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

35 hot days expected in 2050

Projected Storm Risk: Very High

13 storms expected in 2050

Projected Heat Risk: High

35 hot days expected in 2050

55/100

High

ClimateCheck®

Current data

This property, 670 Lorne Avenue , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 34.49 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.49℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

13 storms expected in 2050

63/100

ClimateCheck®

Current data

This property, 670 Lorne Avenue , experiences 11 significant 2-day storms per year, with about 328.52mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 404.2mm of precipitation per year.

Precipitation Per Storm

Past
328.52mm
2050
404.2mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 670 Lorne Avenue, London, ON, N5W 3K5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$66,008.83

Average Number of Children

0.85

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.22 %

High school certificate or equivalent

29.06 %

Apprenticeship trade certificate/diploma

7.47 %

College/non-university certificate

20.33 %

University certificate (below bachelor)

0.93 %

University Degree

23.42 %

Commuter

Travel To Work

By Car

53.19 %

By Public Transit

23.57 %

By Walking

12.41 %

By Bicycle

3.09 %

By Other Methods

7.74 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

33.97 %

Houses

65.33 %

Own Vs. Rent