Welcome to 340 Riverside Drive, this well-maintained home offers an excellent opportunity for investors, owner-occupants or large families looking for a property with solid rental income and significant recent upgrades. Unit A is a large 3 bedroom, 2 storey apartment with a large kitchen/dining room area, 2 living rooms, a private back deck, lots of extra space throughout. Unit B is a 1 bedroom with lots of space. The basement is completely separate and fully renovated too. Over the past five years, the property has undergone extensive improvements, including new vinyl flooring throughout, updated paint and trim, a high-efficiency furnace installed in 2026, a newer water heater, updated toilets, and numerous interior renovations. While the exterior has been enhanced with fresh paint, new landscaping, and a privacy fence. The property currently generates **$3,600 per month in gross rental income**, with the one-bedroom unit renting for **$1,400/month** (all-inclusive) and the three-bedroom unit renting for **$2,200/month** (all-inclusive). This home is in a great area, close to downtown, all shopping, anything you can think of.
Address
340 Riverside Drive
List Price
$599,900
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
1 1/2 Storey
Transaction Type
Sale
Area
London North
Sub-Area
North N
Region
Middlesex
Bedrooms
3 + 1
Bedrooms (Total)
4
Rooms Above Grade
11
Rooms Below Grade
3
Bathrooms
3
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
99.88
Lot Size Units
Feet
Lot Width
121.39
Parcel Number
080770014
Occupant Type
Tenant
Cross Street
BEAVERBROOK AVE
MLS® Number
X13639732
Listing Brokerage
THE REALTY FIRM INC.
Basement Area
Partially Finished
Postal Code
N6H 1E9
Posession Details
Immediate
Parking
Circular Drive, Private Double
Parking Places (Total)
5
Parking Spaces
5
Tax Amount
$6,186.00
Tax Year
2025
Interior Features
In-Law Suite, Water Heater Owned
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
North
Fireplace
No
Foundation Details
Poured Concrete
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Pool Features
None
Roof
Shingles
Tax Legal Description
PART LOT 24, PLAN 368, AS IN 738683 LONDON
Waterfront
No
Sewer
Sewer