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18 McMahen Street, London East, ON N5Y 3A2

London East, N5Y 3A2

$499,900
5
Bedrooms
2
Bathrooms

About This Home

Excellent opportunity for investors or owner occupiers at 18 McMahen Street.This property features two self contained living spaces, each with its own private entrance and laundry. The upper unit offers 3 bedrooms, 1 bathroom, a spacious living area, and a kitchen with granite countertops. The lower level features 2 bedrooms, 1 bathroom, and a completely renovated kitchen completed in 2026 with quartz countertops. With a total of 5 bedrooms and 2 bathrooms, the property offers plenty of flexibility and income potential. The property is currently vacant, allowing a new owner to set their own rents or occupy one of the units. Most recently, the upper unit was rented for $2,275/month and the lower unit for $1,550/month, providing a combined rental income of $3,825/month. Outside, you'll find parking for up to 4 vehicles, a fully fenced backyard, deck, and large storage shed. Located directly across from McMahen Park, this is a great opportunity to add a versatile property to your portfolio or live in one unit while generating income from the other. Roof replaced in 2020.

Facts & Features

MLS® Number X14155868
Price $499,900
Property Type Detached
Style 1 1/2 Storey
Bedrooms 3 above grade, 2 below grade
Bathrooms 2
Lot Size 35.25 ft × 138 ft
Parking Total 4
Garage / Covered Spaces 0
Annual Property Taxes $3,973
City London East
Listing Brokerage THRIVE REALTY GROUP INC.

Listing History

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Based on this home's list price of $499,900.

20.0% down payment

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Justin Skrypnyk
Justin Skrypnyk
Real Estate Broker
Sutton Group Chapman Realty Inc.

This listing is courtesy of THRIVE REALTY GROUP INC.. Justin Skrypnyk can arrange a private showing or answer questions as your buyer's representative.

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18 McMahen Street, London East, ON N5Y 3A2

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