464-466 Third Street

About This Property

Attention Investors, first-time home buyers and flippers - this is the kind of opportunity that doesn't come around often. Sitting on nearly half an acre in East London and zoned R5-3, this property is loaded with redevelopment potential. Whether you're looking to intensify, build, or hold for future growth, the zoning and oversized lot offer a wide range of possibilities. In the meantime, you're getting two homes for the price of one. The main residence features 3 bedrooms and a spacious family room with vaulted ceilings and 4-pc bath. Heated with a gas furnace. The second home offers electric baseboard heating 2 bedrooms, 3pc bath, a living room, dining area, and kitchen - perfect for rental income, multi-generational living, or added flexibility. This property also presents a great flip opportunity or an ideal option for a handy first-time buyer looking to break into the market and build equity. Located close to Fanshawe College, the Gibraltar Trade Centre, public transit, and major amenities. Plenty of on-site parking.