980 Lorne Avenue, London East

$409,000
980 Lorne Avenue

$409,000

New
2d
Duplex1 1/2 Storey

980 Lorne Avenue, London East

Total Monthly Obligation $2,430

Beds
5
Baths
3
Park
5
Sqft
2000-2500
DOM
2d
Yield
5.1%
Cash on Cash
-5.6%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.1%
Property Type-Duplex
MLS® Number-X14101078
Beds-5
Bathrooms-3
Size-2000-2500 sqft
Lot Size-45 × 140 ft
Listed on site-Oct 21, 2026
Style-1 1/2 Storey
Building Type-Duplex
Age-100+
Taxes-$4,862 (2025)
Parking-5 - Detached
Basement-Exposed Rock, Partial Basement, Unfinished
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Concrete Block
Roof-Asphalt Shingle
Foundation-Block, Concrete, Concrete Block, Brick
Sewer-Sewer
Possession-1-29 days
Neighbourhood-East G
Title-Residential Freehold

No agent assigned

LEGAL DUPLEX DETACHED DOUBLE GARAGE HOME WITH CHARACTER, INCOME POTENTIAL & OPPORTUNITY IN EAST LONDON. Welcome to 980-982 Lorne Avenue, a charming yellow-brick duplex offering original character, flexible living space and plenty of potential! Situated on a generous approximately 45 x 140 ft lot, this property features two separately addressed units, beautiful original hardwood floors, high baseboards, distinctive architectural details and inviting covered porches. The spacious main unit at 980 Lorne offers three bedrooms plus an additional room in an addition, currently used as a fourth bedroom and heated by a plug-in electric fireplace. The second unit at 982 Lorne features one bedroom, making this an appealing opportunity for investors, multi-generational living or buyers looking to occupy one unit while generating rental income from the other .Outside, enjoy a mature, tree-lined property with established gardens, outdoor entertaining areas and a detached double garage with rear-lane access. Conveniently located near downtown London, shopping, restaurants, parks, public transit and everyday amenities. A property filled with character and possibilities! Bring your vision and discover the potential of this unique East London investment opportunity.

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Closing Costs

Mortgage Amount
$327,200
Land Transfer Taxes$4,655
Legal Fees (Est.)
$
Total cash required for closing$87,955

Total Monthly Obligation

$2,430/mo
Mortgage $1,650
Monthly Loss $1,996
Principal$434
Interest$1,216
Property Tax$405
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 980 Lorne Avenue

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