510 Quebec Street

  • Status Active
  • City London
  • Property Type Residential
  • Bedrooms 7
  • Bathrooms 4
Listing Price: $799,900
Property Details

CLICK HERE for the 3D Virtual Tour of this property!

 

Welcome to 510 Quebec Street,

This unique property is for lovers of high Victorian style who also desire reliable additional income from separate rental units and/or an already operating airbnb business. Its first unique point is its size, with the two bedroom apartment alone comprising the floor area of a small house. Its second unique point is the property’s origin. It was designed, built and later multiplexed by one of the families who developed the Old East Village in 1893 and who lived in it until the 1950s. Remodeled with a builder’s eye and skills, the layout is spacious and sensible, retaining much of its original sense of grandeur. The third unique aspect of this property is its corner location, allowing for separate entrances to each rental unit, private decks and porches, and two driveways. Fourth among its unique offerings is the garden, which is planted with indigenous Carolinian trees and shrubs including Tulip tree, edible Hazelnut, Pear and Spice Bush. For people who care about sustainability, the infrastructure is already here including raised beds, potting shed, bike port, composting area, recycling area and mature food-bearing plants, shrubs and trees.

The character in this home is sure to impress.Stained-glass and leaded windows, built-in oak shelves and cabinets, artisanal tile, beamed ceilings, sturdy hardwood floors, oak pocket doors and trims, and 10 foot ceilings give this fourplex aristocratic charm.

Perfect for owner-occupy fourplex or multi-use airbnb. Income potential is massive. The currently owner-occupied one bedroom unit (Apt.2), two bedroom unit (Apt.1), and bachelor unit (Apt.4) can be vacant upon purchase for big airbnb income potential or market rent attached under documents on the listing. The building is code-compatible, inspected and licensed by the City of London. Snow removal is written into tenant’s leases so there is no cost to the owners. In exchange, tenants do not pay for their parking spots. Coin operated dryer in the basement brings in extra cash. Solar panels were installed on the roof, May 2017 through the provincial Microfit program with 10 year warranty. Yearly income for 2019 was $1320 – good for the environment and for your pocket!

Finally, this home is located on the edge of London’s Old East Village and benefits from its proximity to a designated historical heritage area without being limited by its renovation restrictions. Colours adorning the original woodwork are taken from an accurate historical palate of the Old East Village. Conveniently located near Western Fair District for all those summer, fall and winter fairs, the Market at Western Fair District for all your fresh fruits and vegetable needs, Anderson Craft Ales for all the Beer connoisseurs, Nova Era Portuguese Bakery for all your fresh coffee, bread and pastry needs, Gateway Casino and finally local cafes and restaurants. It truly is in the middle of it all, which is highly attractive for future short term rental needs. It is within walking distance of 2 community centers, a public library, parks and a weekend market.

General Notes:

  • 4 fridges and 4 stoves included. One is a gas stove and 3 are electric.
  • The washer is currently free to use and dryer is coin operated (more income potential if buyer buys the washer)
  • No rental contracts on the property
  • Licence updated with City of London January 2020
  • Copper Plumbing
  • Copper Wiring (Previous owners were electricians)
  • Kitchen updates: All have been renovated with apt.4 the most recent (2019)
  • Bathroom Updates: All have been renovated with apt.1 the most recent (2019)
  • Windows – 45 windows of which 3 are stained glass, 5 are leaded with storms, 4 are fixed double pane, 19 are replaced vinyl sealed, 9 are refurbished, 5 are original
  • Roof – fiberglass main roof done 9 yrs ago, flat roof done 7 yrs ago
  • Approximately 3700 square feet of finished space plus storage and laundry in the basement with separate entrance

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Showing Details:

PLEASE VIEW THE 3D TOUR. NO SHOWINGS ALLOWED IN THE TENANTS AND AIR BNB UNITS DUE TO  COVID 19, UNTIL A CONDITIONAL OFFER WITH DEPOSIT IS ACCEPTED. OWNERS UNIT AND BASEMENT MAY BE VIEWED ANYTIME UPON APPOINTMENT. OUTSIDE TOURS ARE WELCOMED. 

 

 

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If Interested in this property or have any questions please email me at: candace@investinginlondon.com

 

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