42 Terrace ST Active Save Request In-Person Tour Request Virtual Tour
London,ON N5Z 2X4
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision South I
MLS Listing ID X11976341
Style 1 1/2 Storey
Bedrooms 3
Annual Tax Amount $2,517
Tax Year 2024
Property Sub-Type Duplex
Property Description
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!
Location
Province ON
County Middlesex
Community South I
Area Middlesex
Rooms
Family Room No
Basement Separate Entrance,Unfinished
Kitchen 2
Interior
Interior Features In-Law Capability,Storage
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 125.0
Lot Depth 40.0
Total Parking Spaces 2
Building
Foundation Unknown