Space
Finished area and layout
- Square Feet
- 1,100-1,500 sqft
- Bedrooms
- 4
- Bathrooms
- 3
+34 more
4
Bedrooms
3
Bathrooms
1,100-1,500 sqft
Square Feet
37.1 x 168.6 FT
Lot
4
Parking
Property Snapshot
Key details for this listing
MLS #X13589054
Property
Type, style and structure
- Type
- residential
- Style
- triplex / Triplex
- Structure
- 2-Storey
- Ownership
About This Property
This 4-bedroom, 3-bathroom triplex in London East offers 1,100-1,500 sqft of square feet on a 37.1 x 168.6 FT lot. 2 storeys. The property has zoned R2-2. The home features none, a apartment, separate entrance, full, finished basement. Highlights include a none pool.
MLS Remarks
Exceptional Investment Opportunity - Legal Triplex with Strong Cash Flow & Future Upside! Own a fully legal two-storey triplex on a rare 37.09 ft x 168.63 ft lot in one of London's rapidly growing neighbourhoods. Certified by the City of London, this income-producing property offers immediate cash flow, low operating costs, and excellent long-term appreciation potential. Currently generating $3,289/month from the main floor ($1,689) and upper unit ($1,600 including parking), with only the basement unit remaining to be leased at $1,350/month, bringing the projected gross rental income to approximately $4,639/month ($55,668 annually). Property taxes are only $2,716/year, making this an attractive opportunity for investors. The impressive 168-foot-deep lot provides added privacy and future development potential, subject to municipal approvals. Ideally located with a bus stop at the doorstep and within walking distance to the Hard Rock Hotel, casino, restaurants, shopping, and entertainment district, this high-demand location continues to attract quality tenants. 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).Additional features include separate entrances, separate hydro meters, four parking spaces, coin-operated laundry for extra income, and a private tree-lined backyard with a paved patio and fire pit. Whether expanding your portfolio or purchasing your first investment property, this well-maintained legal triplex offers strong income, excellent upside, valuable updates, and outstanding long-term investment potential. (id:60351)
Full Listing Details
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