$599,900
329 SALISBURY STREET
Beds
6
Baths
2
Sqft
—
Year
—
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
This well-maintained purpose-built duplex is the ideal addition to any investor's portfolio.Generating $4,350 per month in rental income with tenants paying their own hydro, this property offers strong returns from day one. Both units are on new lease agreements at market rents, with professional property management already in place - making this a truly passive investment opportunity. Each unit features 3 bedrooms, a kitchen with backsplash, a generous living room, in-unit laundry, and a 4-piece bathroom. Major capital improvements have already been completed, including a metal/steel roof (2019), boiler/on-demand water heater (2020), soffits, fascia, and eavestroughs (2020), main floor bathtub with surround (2019), and kitchen cabinet updates(2019) - meaning you get to enjoy the benefits of upgrades without the install.Additional highlights include separate driveways with ample parking, separate hydro meters, a lower level storage area, and a private backyard space.Whether you're a seasoned investor looking to add a low-maintenance asset to your portfolio or a buyer looking to offset your cost of living, 329 Salisbury Street checks all the boxes. (id:65958)
- Subtype
- Multi-family
- Structure
- Duplex
- Community
- East G
- Lot dimensions
- 45.1 x 151.5 FT
- Bedrooms
- 6 above grade
- Parking
- 4 total
- Stories
- 2
- On market
- Apr 16, 2026
- Status changed
- Apr 16, 2026
- Annual tax
- $3,621 (2026)
- Zoning
- R2-2
- Photos
- 19
- MLS#
- X13008634
- Area
- LONDON_EAST_(EAST_G)
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Lot
Cash on cash
-9.14%
Cap rate
4.06%
GRM
15.1
Break-even rent
$4,262
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for London East (East G). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.