64 Stanley ST new Save Request In-Person Tour Request Virtual Tour
London South,ON N6C 1B1
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision South F
MLS Listing ID X12373480
Style 1 1/2 Storey
Bedrooms 3
Annual Tax Amount $2,832
Tax Year 2024
Property Sub-Type Duplex
Property Description
Welcome to your next opportunity at 64 Stanley Street, a City-approved legal duplex in South London, recently renovated to meet todays standards. Fully licensed with the City of London since 2023, this property has been updated for safety, compliance, and modern living. Significant updates include new eavestroughs and soffits (2025), roof on addition (2025), carpet in upstairs unit (2025), main floor fully renovated (2022), soundproof insulation between units (2022), and insulated exterior walls (2022). Electrical and plumbing have been fully updated with no knob-and-tube or lead pipes. Other improvements include a tankless water heater (2022), modern appliances (main 5, upper 4) installed in 2022, furnace (2015), and windows (2015). Combined with complete fire separation (45-minute burn rating), these upgrades make the duplex safe, efficient, and investor-ready. The main floor unit consists of high ceilings, stunning hardwood floors, and a modern kitchen and bathroom. The upstairs unit is very spacious with many updates and open concept living. Both units feature private entrances, functional layouts, and separate Hydro meters, providing ease of management while appealing to tenants. Live in one unit and lease the other or set your own rents with this fully vacant property. Financially, this duplex delivers strong returns, with projected gross rents of $43,200 per year and a projected Net Operating Income of $35,449, which equates to a cap rate of nearly 6% at the list price. The location is unbeatable: walk to Downtown London or the vibrant shops and cafés of Wortley Village, and enjoy transit, schools, and parks just minutes away. With legal compliance, modern updates, and immediate income, 64 Stanley Street is a turn-key investment you won't want to miss!
Location
State ON
County Middlesex
Community South F
Area Middlesex
Rooms
Family Room Yes
Basement Unfinished
Kitchen 2
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Deck,Landscaped
Parking Features Private Double
Pool None
Roof Type Shingles
Topography Dry,Flat,Wooded/Treed
Lot Frontage 36.0
Lot Depth 198.0
Total Parking Spaces 4
Building
Unit Features Wooded/Treed,Public Transit,River/Stream,Park
Foundation Concrete Block