MLS #: X13837642Type: Detached, BungalowApprox. SQFT: 700-1100Basement: Sep Entrance, Full
3+23+2
260.15 x 133.8 ft lot
PROPERTY HISTORY
List Date
List Price
Last Status
Sold Date
Sold Price
Days On Market
0000-00-00
$00000
Ter
N/A
N/A
N/A
0000-00-00
$00000
Sld
Jan 02, 2025
$453,000
Fully Permitted Renovation with In-Law Suite & 26' x 30' Detached Shop! Welcome to 96 Wethered St. Opportunities like this are rare. Featuring two fully renovated dwellings and a massive detached shop, this versatile property is ideal for investors, multi-generational families, or owner-occupants looking to offset their mortgage. Located just 1.7 km from Fanshawe College, the property offers exceptional income potential. With projected rents of $850 per bedroom plus approximately $750/month for the shop, the property has the potential to generate $5,125/month in gross income, representing an estimated 7.97% cap rate. Step inside and you'll immediately notice durable luxury vinyl plank flooring throughout. The bright, open-concept main floor features an island kitchen with quartz countertops, an Italian inspired backsplash, fluted range hood and brand-new stainless steel appliances. Down the hall are three bedrooms and an updated 3-piece bathroom with quartz counters, black fixtures and beautiful sconces. A separate entrance leads to the lower level, where you'll find another bright living space with high ceilings, an open-concept kitchen, living and dining area, quartz countertops, stainless steel appliances, two bedrooms, and a full bathroom. Outside, the manicured yard is complemented by a 120-foot paved driveway leading to the impressive 26' x 30' detached shop. Perfect for vehicle storage, hobbies, a workshop, or additional rental income. A garden shed provides even more storage space. This fully permitted renovation also includes major updates for peace of mind: Furnace (2025), A/C (2025), Roof (2025), Plumbing (2025), Electrical (2025), Basement Windows (2025), and Paved Driveway (2026). A turnkey property offering flexibility, functionality, and exceptional income potential. Book your showing today!
Listing Brokerage: Saker Realty Corporation - Disclaimer: The information contained in this listing has not been verified by Saker Realty Corporation and should be verified by the buyer.