Welcome to 340 Riverside Drive, this well-maintained home offers an excellent opportunity for investors, owner-occupants or large families looking for a property with solid rental income and significant recent upgrades. Unit A is a large 3 bedroom, 2 storey apartment with a large kitchen/dining room area, 2 living rooms, a private back deck, lots of extra space throughout. Unit B is a 1 bedroom with lots of space. The basement is completely separate and fully renovated too. Over the past five years, the property has undergone extensive improvements, including new vinyl flooring throughout, updated paint and trim, a high-efficiency furnace installed in 2026, a newer water heater, updated toilets, and numerous interior renovations. While the exterior has been enhanced with fresh paint, new landscaping, and a privacy fence. The property currently generates **$3,600 per month in gross rental income**, with the one-bedroom unit renting for **$1,400/month** (all-inclusive) and the three-bedroom unit renting for **$2,200/month** (all-inclusive). This home is in a great area, close to downtown, all shopping, anything you can think of. (id:4069)
Address
340 RIVERSIDE DRIVE
List Price
$649,900
Property Type
Single Family
Type of Dwelling
House
Transaction Type
Sale
Area
Ontario
Sub-Area
London North (north N)
Bedrooms
4
Bathrooms
3
Floor Area
1500 - 2000 Sq. Ft.
Lot Size
121.4 x 99.9 FT Sq. Ft.
Lot Depth
99 ft ,10 in
Frontage Length
121 ft ,4 in
MLS® Number
X13532642
Listing Brokerage
THE REALTY FIRM INC.
Basement Area
N/A (Partially finished)
Postal Code
N6H1E9
Ownership
Freehold
Parking Places (Total)
5
Features
In-Law Suite
Appliances
Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Central air conditioning
Foundation Details
Poured Concrete
Number Of Floors In Building
1.5
Water Source
Municipal water
Sewer
Sanitary sewer
