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$899,998

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8 Beds

6 Baths

Open 10/18 2PM-4PM

1010 DEARNESS DRIVE London South, ON N6E1N7

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The Goldmark Group

info@thegoldmarkgroup.com +1(519) 556-9828

Open House

Sun Oct 18, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000 - 2500

Subdivision South Y

MLS® Listing ID X13876510

Bedrooms 8

Property Sub-Type Freehold

Property Description

Multi-generational living at its best or exceptional rental investment opportunity, this detached linked home with 3 separate entrances boasts 8 bedrooms, 6 full bathrooms and 3 fully equipped kitchens all in the desirable neighbourhood of White Oaks!! The main house has 4 bedrooms with the primary on the main floor, 2 on the second level and one in the basement in-law suite with each level having a 3-piece bathroom. The self-contained in-law basement suite has a full kitchen and living/dining room. The addition, completed in 2022, has 3 bedrooms on the main floor and one in the basement. The main floor with hardwood floors also has an ensuite 4-piece bathroom, another 3-piece bathroom, full kitchen with quartz counter-tops, breakfast area with walk-out to the large deck, dining/lounge area and living room. The basement has the 4th bedroom, a 3-piece bathroom and recreation room. There is enough space to add 2 more bedrooms in the basement with each having egress windows. Many extras and updates done to the main house such as new roof in 2026 and 200-amp service added, separate central A/C installed in 2017 and laminate floors in 2019. In 2022, the front porch was re-built, a small 1-car garage added as well as an interlocking brick driveway holding 4 vehicles. Heating, ventilation and electrical are not shared between the 2 houses, but the hot water tank was purchased in 2017 and shared. These two houses are separated by a small foyer, each having separate entrances. Apart from multi-generational family living, this property has an excellent rental potential! The main house has the potential to be rented for $2,500 to $3,200 per month while the addition may bring in $3,500 more, potentially generating up to $6,700 in monthly gross revenue which may tally over $80,000 per year! Location is key as White Oaks Mall is only a 10-15 minute walk away with easy public transport connections to downtown London. ** This is a linked property.** (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 1.6 m X 2.45 m Bathroom

Extra Room 2 Second level 3.32 m X 4.85 m Bedroom 2

Extra Room 3 Second level 3.06 m X 4.85 m Bedroom 3

Extra Room 4 Basement 3.37 m X 3.78 m Bedroom 4

Extra Room 5 Basement 7.08 m X 5.98 m Recreational, Games room

Extra Room 6 Basement 1.78 m X 2.46 m Bathroom

Interior

Heating Forced air

Cooling Central air conditioning, Air exchanger, Ventilation system

Flooring Laminate, Hardwood, Vinyl, Tile

Fireplaces Number 1

Exterior

Parking Features Yes

Fence Fully Fenced, Fenced yard

Community Features School Bus

View Y/N No

Attached Garage No

Total Parking Spaces 5

Garage Yes

Private Pool No

Building

Lot Description Landscaped

Story 1.5

Sewer Sanitary sewer

Others

Ownership Freehold

Listed by CENTURY 21 FIRST CANADIAN CORP

NEARBY SCHOOL & BUSINESS

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