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$549,900
Est. payment /mo
4 Beds
3 Baths
1,100 SqFt
Open House
Sun Jul 26, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100 - 1500
Square Footage 1,100 sqft
Price per Sqft $499
Subdivision East M
MLS® Listing ID X13589054
Bedrooms 4
Property Description
Rare opportunity to own a legal two-storey triplex on a generous 37.09 ft x 168.63 ft lot in one of London's rapidly growing neighbourhoods. The exceptional depth of the property offers a private setting, excellent long-term value, and potential for future development, subject to municipal approvals.Certified as a legal triplex by the City of London, this versatile property features two vacant units, allowing the new owner to move in, choose their own tenants, or lease immediately at current market rents. The third unit is already leased at above-market rent, providing reliable income from day one.Ideally located with a bus stop at the doorstep and within walking distance to the Hard Rock Hotel, casino, restaurants, entertainment district, and other major amenities, this property is well positioned to attract quality tenants and may also appeal to buyers considering short-term accommodation opportunities, subject to municipal regulations.Major updates include a waterproofing membrane around the foundation (2021), interior drainage system, exterior painting, soundproofing between the main and upper floors, and a renovated main-floor kitchen (2022), offering added value and peace of mind.Additional features include separate entrances, separate hydro meters, four parking spaces, coin-operated laundry for additional income, and a private, tree-lined backyard with a paved patio and fire pit.Whether you're an investor seeking a strong income-producing property or an owner-occupier looking to offset your mortgage with rental income, this well-maintained legal triplex offers an outstanding combination of location, flexibility, income potential, and valuable updates. (id:24570)
Location
Province ON
Rooms
Kitchen 3.0
Extra Room 1 Second level 3.6 m X 3 m Bedroom
Extra Room 2 Second level 3.6 m X 3 m Bedroom
Extra Room 3 Second level 3 m X 2.6 m Kitchen
Extra Room 4 Second level 3.3 m X 3 m Office
Extra Room 5 Basement 3.2 m X 2.7 m Bedroom
Extra Room 6 Basement 2.9 m X 3.6 m Living room
Interior
Heating Baseboard heaters
Cooling None
Exterior
Parking Features No
Community Features School Bus
View Y/N No
Attached Garage No
Total Parking Spaces 4
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
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Listed by RIGHT AT HOME REALTY
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