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$1,100,000
Est. payment /mo
7 Beds
3 Baths
1,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $733
Subdivision South F
MLS® Listing ID X12126523
Bedrooms 7
Originating Board London and St. Thomas Association of REALTORS®
Property Description
Solid Brick Triplex in the Heart of Old South- Turnkey Investment Opportunity. Welcome to this beautifully renovated solid brick triplex nestled in one of London's most sought-after neighbourhoods-Old South. Fully modernized from top to bottom, this income-generating property is the perfect blend of timeless charm and contemporary updates. Each of the three self-contained units has been thoughtfully upgraded and comes complete with five new appliances (2022) per unit, offering exceptional convenience for tenants. With an active rental license in place with the City of London, this is a fully compliant and ready-to-go investment. The newly constructed read deck and staircase (2023) are not only structurally sound but provide additional outdoor space and safe access for upper units. Two new heat pumps installed in 2023 ensure energy-efficient heating and cooling throughout the property, keeping utility costs low. Plus, the property features four separate hydro meters, making tenant utility management simple and transparent. Currently grossing over $64,000 annually, this triplex offers strong cash flow with room for growth. Whether you're looking to expand your portfolio or live in one unit while renting the others, this is a rare opportunity in a prime location. Don't miss your chance to own a beautifully updated, fully licensed triplex in Old South-steps from Wortley Village, parks, shops, and transit. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Fireplaces Number 3
Exterior
Parking Features No
Community Features Community Centre
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Sanitary sewer
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Listed by CENTURY 21 FIRST CANADIAN CORP