153 Hale Street, London East
$4,804/month in current rent, two substantially updated units, a City of London rental licence, separate hydro, and a 40 x 415 ft lot. 153 Hale Street delivers income from day one, with a property profile that gives investors plenty to consider for the future. Zoned R1-6, this tenanted duplex features two self-contained units, each with in-unit laundry and access to its own half of the detached garage. The front unit offers two bedrooms upstairs plus a third main-floor bedroom, along with a partially finished basement offering plenty of additional space. The rear unit has two upper-level bedrooms, a main-floor den or office, and generous basement space. Both units have been extensively updated, including newer kitchens and bathrooms. For buyers looking to maximize the property over time, the additional basement spaces are well worth considering for expanded living or other uses. Then there's the lot. At 40 x 415 ft, its exceptional depth adds another dimension to the investment. Even more interesting, the neighbouring property, which has a similarly deep lot, is currently also available for sale. For investors or developers taking a longer-term view, the combination presents an interesting opportunity to explore future redevelopment potential. Both units are currently tenanted with total current rent of $4,804 per month as of September 1. Collect the income today while you investigate what this property could offer tomorrow. (id:1945)
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Property details for 153 Hale Street, London East
- Type
- Multi-family
- Bedrooms
- 6
- Bathrooms
- 4
- Lot Size
- 40 x 412.5 FT ; 40.10 ft x 415.04 ft x40.10 ft x415.04ft
- Stories
- 1.5
- Basement
- Partially finished, Full
- Parking
- Detached Garage, Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Exterior
- Aluminum siding
- Annual Taxes
- $5,700 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 153 Hale Street
Active Listings
2
Min Price
$649,900
Max Price
$680,000
Avg Price
$664,950
Days on Market
60
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
London, Ontario
Population
331
Median Age
46.4
Median Income
$28,416
Dwelling Value
$200,315
Housing Tenure
Owners 69%
Renters 31%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.2
Pop. Density: 988.1/km²
Avg Shelter Cost: $1,080/mo
Owners with Mortgage: 65%
Owners Spending 30%+: 26.3%
Tenants Spending 30%+: 0%
English only: 94%
English and French: 4.5%
Median Household Income: $57,216
Median Employment Income: $30,272
Price History
Listed
September 1, 2026
by REAL BROKER ONTARIO LTD
Current Price
$649,900
Type
Multi-family
For Sale