Multi Unit Residential Buildings for Sale in Canada
42 Terrace Street London, Ontario N5Z 2X4
$449,900
This licensed duplex is a fantastic opportunity for investors or homeowners looking to offset their mortgage! The vacant 2-bedroom main floor unit is move-in ready, making it perfect for a house hack or a mortgage helper. The upper bachelor unit is already leased, providing steady rental income.The unfinished basement offers excellent potential to increase value, with great ceiling height, a separate walkout, and a spacious layout. Whether you expand the main unit's living space, provide additional tenant storage, or install a coin-operated laundry for extra income, the options are there.Additional perks include a large shed that has previously been rented out for extra revenue. Recent updatesdeck repairs, fresh paint in the main unit, a new vanity, toilet, and bathroom windowensure the property is well-maintained and move-in ready.Located on a corner lot with two parking spaces and a generous backyard, this duplex is minutes from Victoria Hospital, public transit, and key amenities. Don't miss this chance to own a turnkey home with rental income potential! (id:61635)
Property Details
| MLS® Number | X11976341 |
| Property Type | Multi-family |
| Community Name | South I |
| Parking Space Total | 2 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Appliances | Two Stoves, Two Refrigerators |
| Basement Development | Unfinished |
| Basement Features | Separate Entrance |
| Basement Type | N/a (unfinished) |
| Exterior Finish | Brick |
| Foundation Type | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 40 Ft |
| Size Frontage | 125 Ft |
| Size Irregular | 125 X 40 Ft |
| Size Total Text | 125 X 40 Ft |
| Zoning Description | R2-2 |
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April 22 2025 04:22:50
London and St. Thomas Association of REALTORS®
Blue Forest Realty Inc.