96 WETHERED STREET, London, Ontario N5Y 1H3
$649,900.00
- 5 bedrooms
- 2 bathrooms
Fully Permitted Renovation with In-Law Suite & 26' x 30' Detached Shop! Welcome to 96 Wethered St. Opportunities like this are rare. Featuring two fully renovated dwellings and a massive detached shop, this versatile property is ideal for investors, multi-generational families, or owner-occupants looking to offset their mortgage. Located just 1.7 km from Fanshawe College, the property offers exceptional income potential. With projected rents of $850 per bedroom plus approximately $750/month for the shop, the property has the potential to generate $5,125/month in gross income, representing an estimated 7.97% cap rate. Step inside and you'll immediately ... read more
Fully Permitted Renovation with In-Law Suite & 26' x 30' Detached Shop! Welcome to 96 Wethered St. Opportunities like this are rare. Featuring two fully renovated dwellings and a massive detached shop, this versatile property is ideal for investors, multi-generational families, or owner-occupants looking to offset their mortgage. Located just 1.7 km from Fanshawe College, the property offers exceptional income potential. With projected rents of $850 per bedroom plus approximately $750/month for the shop, the property has the potential to generate $5,125/month in gross income, representing an estimated 7.97% cap rate. Step inside and you'll immediately notice durable luxury vinyl plank flooring throughout. The bright, open-concept main floor features an island kitchen with quartz countertops, an Italian inspired backsplash, fluted range hood and brand-new stainless steel appliances. Down the hall are three bedrooms and an updated 3-piece bathroom with quartz counters, black fixtures and beautiful sconces. A separate entrance leads to the lower level, where you'll find another bright living space with high ceilings, an open-concept kitchen, living and dining area, quartz countertops, stainless steel appliances, two bedrooms, and a full bathroom. Outside, the manicured yard is complemented by a 120-foot paved driveway leading to the impressive 26' x 30' detached shop. Perfect for vehicle storage, hobbies, a workshop, or additional rental income. A garden shed provides even more storage space. This fully permitted renovation also includes major updates for peace of mind: Furnace (2025), A/C (2025), Roof (2025), Plumbing (2025), Electrical (2025), Basement Windows (2025), and Paved Driveway (2026). A turnkey property offering flexibility, functionality, and exceptional income potential. Book your showing today! (id:25417)
- Listing ID: X13483788
- Property Type: Single Family
| Property | |
|---|---|
| Style: | Bungalow |
| Ownership: | Freehold |
| Lot Size: | 60.2 by 133.8 FT |
| Parking: | Detached Garage 8 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Dryer, Refrigerator, Stove, Washer, Water Heater and Dishwasher |
| HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas |
| Exterior: | Brick and Stone |
| Basement: | N/A (Finished), Full, N/A, N/A |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| City: | London |
| Province: | Ontario |
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