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$589,900
Available - For Sale
Listing ID: X10415327
Welcome to 75 Cleveland Pl, a beautifully updated and excellent investment property with an 8.76% CAP RATE! Nestled in the heart of the desirable Glen Cairn neighbourhood. This fully renovated (2021) bungalow features a spacious 3+3 bedroom, 1+1 bathroom layout, situated on a 37x111 ft lot. The property is currently tenanted and generating $4,305/month inclusive, this property is an incredible investment opportunity. Both sets of tenants are excellent and on a month-to-month basis as of November 2024, allowing for continuity. The main level offers a bright, open-concept living and dining area perfect for family gatherings, along with three well-sized bedrooms. The lower level presents a fully modernized in-law suite with a separate entrance, featuring three additional bedrooms, a full bath, and a cozy living space-an ideal setup for extended family, guests, or rental income. Located in Glen Cairn, one of London's most charming and convenient communities, this property benefits from a peaceful, tree-lined street while being just minutes away from major amenities. With proximity to Victoria Hospital, top-rated schools, shopping centers, restaurants, and quick access to the 401 & 402 highways, Glen Cairn combines suburban tranquility with urban convenience. Whether you're seeking a multi-generational living solution, a mortgage helper, or a pure investment, 75 Cleveland Pl offers endless possibilities in a fantastic neighbourhood. Don't miss out on this rare opportunity!
Extras:   8.76% Cap Rate, closing anytime for investment purposes.
Price $589,900
Taxes: $3,759.77
Address: 75 Cleveland Pl , London, N5Z 4T5, Ontario
Lot Size: 39.47 x 110.92 (Feet)
Acreage: < .50
Directions/Cross Streets: Commissioners Rd & Pond Mills Rd
Rooms: 7
Rooms +: 6
Bedrooms: 3
Bedrooms +: 3
Washrooms: 2
Kitchens: 1
Kitchens +: 1
Family Room: Y
Basement: Finished
Sep Entrance
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living 0.00 0.00
Room 2: Main Kitchen 0.00 0.00
Room 3: Main Br 0.00 0.00
Room 4: Main 2nd Br 0.00 0.00
Room 5: Main 3rd Br 0.00 0.00
Room 6: Main Bathroom 0.00 0.00
Room 7: Main Dining 0.00 0.00
Room 8: Lower Kitchen 0.00 0.00
Room 9: Lower Bathroom 0.00 0.00
Room 10: Lower Br 13.91 6.99
Room 11: Lower 2nd Br 9.58 10.92
Room 12: Lower 3rd Br 8.50 16.76
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  3 Lower
Property Type: Detached
Style: Bungalow
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 5
Pool: None
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Laundry Level: Main
Sewers: Sewers
Water: Municipal
Utilities-Cable: A
Utilities-Hydro: Y
Utilities-Gas: Y
Utilities-Telephone: A
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RARE REAL ESTATE

75 Cleveland Pl , London, N5Z 4T5, Ontario

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Freehold - Detached
Area: Middlesex
Municipality: London
Neighbourhood: East J
Style: Bungalow
Lot Size: 39.47 x 110.92(Feet)
Approximate Age:
Tax: $3,759.77
Maintenance Fee: $0
Beds: 3+3
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908