1988 RIVER Road, London East, ON N5W 6C2

For Sale 192 days on Market MLS® X12551764

Asking Price

$1,490,000

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1988 RIVER Road, London East, ON N5W 6C2

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Overview

Active

GI 1 (GENERAL INDUSTRIAL) ZONING. ENDLESS OPPORTUNITIES TO LIVE AND RUN YOUR OWN BUSINESS. FULLY RENOVATED WITH NEW WINDOWS, NEW SEPTIC TANK ( 6500 LITRES), 2 NEW KITCHENS, WITH BACKSPLASH, NEW LAMINATE FLOORING, CERAMIC TILES IN THE KITCHENS AND THE BATHROOMS, NEW UPDATED BATHROOMS, WOODEN STAIRS, FRESHLY PAINTED, TANKLESS WATER HEATER, NEW WASHER/ DRYER, PROPERTY INCLUDES 2 STOVES, 2 FRIDGES, NEW DISHWASHER, 2 BUILT-IN MICROWAVES WITH EXAUSTS, NEW GARAGE DOORS. DESIGNER LANDSCAPING, DECK, ABOVE GROUND POOL, COVERED PATIO, PORCH TO ENJOY THE GREENERY. CURRENTLY RENTED FOR $6500/MONTH.

Bedrooms

Bathrooms

3.0

Area

1,750 sqft

Lot Size

1.4 acres

Type

Detached

Property Details

Year Built1951

CityLondon East

Postal CodeN5W6C2

Lot Dimensions137.18 × 429.63 ft

Parking40 spaces

Interior Features

Heat: Forced Air

Heat Source: Gas

Cooling: Central Air

Style: 1 1/2 Storey

Exterior & Land

Sewer: Septic

Construction: Vinyl Siding, Wood

Roof: Asphalt Shingle

Utilities & Services

Heat SourceGas

SewerSeptic

Financial Information

List Price$1,490,000

Annual Taxes$6,823 (2025)

Days on Market192

MLS® X12551764 • Listed by HOMELIFE SUPERSTARS REAL ESTATE LIMITED

1988 RIVER Road, London East, ON N5W 6C2

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Purchase Calculator

Home Price

$1,490,000.00

Location

Down Payment

$312,900.00

Payment Frequency

⚙️ Rate

Your mortgage interest rate can either be Fixed for the term or Variable.

Rate

4.70%

Rate Term

🧾 Amortization

30 years

Scenario Options

First-time Buyer

Newly Built

Insured Prefer

💸 Rental Income

🏠 Home Expenses

Monthly Rent

$900.00

Occupancy (%)

100%

Monthly Expenses

$400.00

Includes

📉 Taxes
🛠️ Maintenance
⚡ Utilities etc.

Total Monthly Cost ⚙️

/month

Principal & interest

Home expenses

Other expenses

Rental income

Monthly Mortgage$0.00
Home Expenses$0.00
Other Expenses$0.00
Rental Income$0.00

Mortgage Amount

$0.00

Closing Costs

$0.00

Mortgage Payment$0.00

Net Mortgage$0.00

Interest paid over term$0.00

Balance end of Term$0.00

Effective Amortization30 Years

Property Location

1988 RIVER Road, London East, ON N5W 6C2

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