London East, ON N5W 5B8,419 Ronald ST
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London East, ON N5W 5B8,419 Ronald ST
London East, ON N5W 5B8,419 Ronald ST
London East, ON N5W 5B8,419 Ronald ST
London East, ON N5W 5B8,419 Ronald ST

$419,000

Est. payment /mo

$419,000

Est.Price: ?

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419 Ronald ST London East, ON N5W 5B8

3 Beds

2 Baths

SOLD DATE : 04/29/2025

Key Details

Sold Price $419,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision East H

MLS Listing ID X12086994

Sold Date 04/29/25

Style 1 1/2 Storey

Bedrooms 3

Annual Tax Amount $2,721

Tax Year 2024

Property Sub-Type Detached

Property Description

Attention developers, investors, flippers, and renovation enthusiasts419 Ronald Street in London presents a rare and exciting opportunity with major value already unlocked. This generous 50 x 130.33 ft lot has been successfully rezoned by the City of London for Triplex use (three legal dwelling units), with the potential for a future legal fourth unit in the basement. All the heavy lifting has been done: Architectural, Plumbing, Structural, and Mechanical drawings have been approved, permits have been issued, and the property already features three separate entrances, ideal for a multi-unit layout. City-approved plans allow for a 5+2 bedroom, 3-bathroom configuration across the triplex, offering excellent cash flow potential once complete. Whether you're looking to renovate and hold, flip for profit, or add to your portfolio, this project is primed and ready for execution. Estimates of $5,800 in cashflow expected from the 3 units making for a great investment. Located minutes from Fanshawe College, Argyle Mall, Downtown London, public transit, shopping, and with quick access to Highway 401, the location offers unbeatable connectivity and tenant demand. Property is being sold AS IS with all approved permits and plans in place to take advantage of this fully prepped development opportunity.

Location

Province ON

County Middlesex

Community East H

Area Middlesex

Rooms

Family Room Yes

Basement Full, Separate Entrance

Kitchen 1

Separate Den/Office 1

Interior

Interior Features Other

Cooling Central Air

Exterior

Exterior Feature Privacy, Porch, Recreational Area

Parking Features Private

Garage Spaces 1.0

Pool Inground

Roof Type Asphalt Shingle

Lot Frontage 50.0

Lot Depth 130.33

Total Parking Spaces 4

Building

Foundation Concrete

Others

Senior Community Yes

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Listed by RARE REAL ESTATE
agent

Michelle Worton

+1(905) 334-9327

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