126 Metcalfe Street
SW, Strathroy-Caradoc, N7G 1M8
FOR SALE
$410,000
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Property Description
This home can easily be converted back to a low-priced single family home.Or use it in one of the following unique ways. 1. Seniors or first-time buyers live in the one and two-bedroom main floor unit and rent out the second-floor apartment for extra income. 2. Ideal for extended family (multi-generational family living) the parents live on the main floor, while the children live in the second floor apartment. 3 As an investor simply rent out both units as an excellent income investment with the potential to exceed an 8% cap rate. Separate hydro meters, plenty of driveway parking, numerous updates such windows, kitchen, bathrooms, flooring, painting throughout, roof shingles, soffit, fascia, eavestrough and much more. Ideally located near downtown Starthroy, in walking distance to all amenities. This home is currently used for multi-generational living, the owners and his extended family. There are no fixed rents. This well maintained brick Century home offers timeless character with a large wrap around front porch with original decorative gingerbread. There is a one and a half car garage, a spacious basement for storage and a large heatable workshop attached to the garage. Enjoy the fully fenced magnificent back yard, your private oasis of plants, trees, nature plus a gazebo for family fun and entertaining. Quick possession! Call today!
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Property Features
Fenced Yard, Hospital, Library, Park, Rec./Commun.Centre, School, Accessory Apartment, In-Law Capability, In-Law Suite, Separate Heating Controls, Separate Hydro Meter, Storage, Water Meter, Private, Fireplace Insert
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Property Details
Address
126 Metcalfe Street
Community
Postal Code
N7G 1M8
Property Type
Detached, Detached
Zoning
R3
Lot Size
48' x 141'
Acreage
0.2 Feet
Taxes
$2,213 (2024
Basement
Full, Unfinished
Exterior
Landscaped, Privacy, Porch, Year Round Living
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Pool
Community
Parking Spaces
2
Garage Type
Detached
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Listing contracted with Shanahan Realty Inc.
Attention buyers! No renovations needed here, move in ready! Welcome to 30 Mill Lane, in the heart of Strathroy. Located on a quite lane this cozy 2 bedroom, one bathroom bungalow sits on a modest 73ft x 103ft lot, offering room to expand. This bungalow is a great starter home, plenty of natural light with an open concept kitchen and living area. Walking distance to downtown restaurants, shopping, parks and so much more. All appliances are included you just need to move in and make this house your home.
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This yellow-brick 2-storey home offers the perfect blank canvas for renovators, investors, or anyone looking to create their dream space or turn it into an income making investment . Corner 66 x 132 lot that is currently zoned R1. This home that has been taken back to the studs and is ready for a full re-imagination. This home is not currently habitable but is loaded with opportunity. Major updates already completed include a new steel roof, fascia, and eavestroughs (2022), along with a new gas furnace and A/C. The previous layout featured one bedroom on the main level and three bedrooms upstairs. BUt its current state shows potential for a different configuration. Large deck of the rear of the home. There is potential for two laneways and parking for at least 5 vehicles. Most of the value is in the lot. Located within walking distance of downtown Strathroy, the hospital, and the Strathroy Rec Centre. Come see the potential and imagine the possibilities.
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Welcome to the Adult Community of Twin Elm Estates in Strathroy, Ontario. This one-of-a-kind home is situated on a large lot backing onto country property, within walking distance of local shopping and restaurants and only 20 minutes from London. The community also features an active clubhouse offering a variety of activities. Key features of the home include:- Breezeway/sunroom entry- Large windows and laminate flooring in main living areas- Separate main-floor laundry room- Rear den opening to a covered backyard deck- Metal roof- Updated mechanicals and appliances: Furnace (10 years old), A/C (2024), Washer (2025), and Dryer (2026) Financial Information for New Owners:- Land Lease: $800/month (Please contact me regarding the possibility of assuming the current lease at a lower rate). - Taxes: $103.73/month.
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