1294 Springbank Avenue, London South

This property is located on a highly desirable street in Byron. The home was originally configured as a 1.5-storey dwelling. During a renovation under taken by the current owner, the upper-level bedrooms were removed to create a vaulted, open-concept living area. As a result, the property no longer contains traditional bedrooms. Current sleeping accommodations are currently provided by a custom Murphy bed (approximate value: $18,000).The basement has restricted ceiling height and is considered suitable for storage use only. It is not conducive to future living-space development. Renovation work completed by the current owner may not comply with applicable building codes. There are outstanding building permits related to this work, and completion, inspection, and compliance with all permits shall be the sole responsibility of the purchaser. The seller reports an investment of approximately $60,000 in a fully custom kitchen and island. Prospective buyers may also consider demolition and redevelopment to determine best use for this lot. Existing zoning may permit the possibility of converting the property to a multi-family configuration, subject to applicable municipal requirements, approvals, and due-diligence by the purchaser. The deck accessed from the rear patio door is incomplete and is not safe for use. (id:1945)