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London South,ON N6C 4A8
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision South F
MLS Listing ID X12126523
Style 2-Storey
Bedrooms 7
Building Age 51-99
Annual Tax Amount $5,537
Tax Year 2024
Property Sub-Type Triplex
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.
Location
Province ON
County Middlesex
Community South F
Area Middlesex
Rooms
Family Room Yes
Basement Separate Entrance,Full
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Separate Heating Controls,Separate Hydro Meter
Cooling Other
Fireplaces Type Electric
Fireplace Yes
Heat Source Electric
Exterior
Exterior Feature Deck
Parking Features Available,Mutual,Private,Unreserved
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Topography Dry,Flat
Lot Frontage 33.0
Lot Depth 123.0
Total Parking Spaces 4
Building
Unit Features Public Transit,Rec./Commun.Centre
Foundation Concrete
Others
Security Features Carbon Monoxide Detectors,Smoke Detector