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Duplex For Sale in London, ON

626 Lorne Ave

Price
$529,999
Mike Dymus

519-630-1120

Questions? Want to book a showing?

Legal Duplex with Vacant 3 Bed Unit AC4 Zoning

FSBO ID: 738575

Duplex For Sale - 626 Lorne Ave, London, ON
4
Bedrooms
2
Bathrooms
1,481
Square Feet
0.08 acres
Lot Size
1.5 Storeys
Built in
1886
$2,045
Annual Taxes

Description

BEAUTIFUL VICTORIAN LEGAL DUPLEX WITH VACANT 3-BEDROOM OWNER'S UNIT, AC4 ZONING & INCOME POTENTIAL!

Exceptional opportunity for homeowners, investors, and business owners alike. This charming Victorian legal duplex combines character, flexibility, and income potential in the heart of Old East Village. Featuring classic period architecture, generous room sizes, and the timeless appeal of a heritage-era home, this property offers a unique alternative to newer construction.

The legal duplex offers a vacant 3-bedroom main-floor unit available for possession August 1st, plus an upper 1-bedroom apartment providing immediate rental income of $1,195/month. Live in one unit while offsetting your mortgage, add a solid income property to your portfolio, or explore the flexibility offered by the property's desirable AC4 zoning.

Situated on a 40-foot lot, the property features parking for up to 4 vehicles and a large private fenced backyard, providing ample outdoor space. The main-floor unit offers three bedrooms, a spacious living area, kitchen, 4-piece bathroom, and private laundry. The upper apartment features 1 bedroom, living room, kitchen, 4-piece bathroom, and its own laundry facilities.

Current upper-unit tenancy (4 months into a one-year lease) provides stable income while the vacant main-floor unit offers flexibility for owner occupancy or market-rent potential. Separate laundry for each unit adds convenience and tenant appeal.

The property has benefited from professional insulation upgrades, including the attic, both crawl spaces, and spray-foam insulation in the basement rim joist cavities, improving energy efficiency and year-round comfort.

The AC4 zoning permits a broad range of residential, office, medical, retail, service, and mixed-use opportunities, making this property attractive not only as a duplex but also as a potential live-work or future redevelopment opportunity (buyer to verify intended uses).

Located in London's vibrant Old East Village, close to downtown, Western Fair District, schools, parks, public transit, shopping, restaurants, and everyday amenities. Low property taxes further enhance the property's investment appeal.

A versatile property offering character, income today, and flexibility for the future.

Highlights:
• Legal duplex
• Vacant 3-bedroom main-floor unit available August 1
• Upper 1-bedroom apartment generating rental income
• Victorian character and charm
• AC4 zoning with multiple permitted uses
• Large private fenced backyard
• Parking for up to 4 vehicles
• Separate laundry for each unit
• Professional insulation upgrades
• Low property taxes
• Ideal for owner-occupants, investors, or live-work users

Property Features

MLS® System #
Property Type
Duplex / House / Multi-Family / Revenue Property
Ad Type
For Sale
Ownership
Freehold / Fee Simple
Parking
Driveway
Asking Price
$529,999

Location

Address
626 Lorne Ave
Neighbourhood
Old East Village
City
London
Province / State
Ontario
Postal / ZIP
N5W3K5
Country
Canada

Bathroom Types

Bathroom 1
4pc Bathroom
Bathroom 2
4pc Bathroom

Room Sizes

Level Room Dimensions
Main Level Bedroom - Primary 3.43m x 3.18m (11'3" x 10'5")
Main Level Bedroom 3.02m x 2.29m (9'11" x 7'6")
Main Level Bedroom 3.05m x 2.62m (10'0" x 8'7")
2nd Level Bedroom 3.76m x 2.51m (12'4" x 8'3")
Main Level Kitchen 4.62m x 3.40m (15'2" x 11'2")
Main Level Living Room 3.76m x 3.28m (12'4" x 10'9")
2nd Level Living Room 4.98m x 2.74m (16'4" x 9'0")
2nd Level Kitchen 3.53m x 3.05m (11'7" x 10'0")

Links & Reference

FSBO ID: 738575
MLS® Link: View on REALTOR.ca