204 Burnside Drive, London East, ON N5V 1B7

About this property

Welcome to this turnkey, well-maintained duplex property in one of East London's most desirable neighbourhoods with massive development potential! The fully self-contained up-and-down duplex offers an exceptional opportunity for investors, multi-generational families, or owner-occupants looking to offset their mortgage with rental income. The upper unit features a bright and spacious 2-bedroom, 1-bathroom layout with the added bonus of a sunroom, providing extra living space. The main floor unit offers an identical 2-bedroom, 1-bathroom floor plan and enjoys exclusive access to a full basement featuring a large recreation room, utility area, and ample dry storage space. A standout feature of this property is that each unit is separately serviced with its own hydro meter, gas meter, furnace, and water heater, providing true independence for both units and simplifying property management. Outside, you'll find a massive, oversized double-car garage, featuring both heat and hydro, an extremely rare feature that is perfect for hobbyists, contractors, car enthusiasts, or additional rental income potential. Situated on huge 60ft x 151ft lot with a fully fenced backyard, the property presents exciting development potential. The expansive lot and existing layout may lend themselves to the addition of an accessory dwelling unit (ADU) or future expansion, offering the opportunity to further increase revenue and maximize the property's value (subject to municipal approvals). There may also be potential to put a 3rd unit in the basement for a savvy investor. The property also offers parking for 10+ vehicles, making it ideal for tenants, guests, trailers, work vehicles, or future projects.

Property facts & features

Property type

Duplex

MLS® number

X13480654

Source status

New

Bedrooms

4

Bathrooms

2

Reported interior area

Not provided

Neighbourhood

Not provided

Postal code

N5V 1B7

Parking spaces

12

Garage

Detached

Lot depth (source units)

151.37

Annual property tax

5145

Basement

Full, Partially Finished

Laundry

Not provided

Interior features

Carpet Free, Central Vacuum, In-Law Capability, Primary Bedroom - Main Floor, Separate Heating Controls, Separate Hydro Meter

Exterior features

Not provided

Values and units are reported by the listing source. Verify measurements and fees with the brokerage.

Floor plans & room measurements

Floor plans and verified room measurements are not available for this property.

Property value & listing history

Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.

Plan your monthly ownership costs

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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Location & neighbourhood

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