43
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$449,900
Est. payment /mo
Active
42 Terrace ST London, ON N5Z 2X4
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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 fully leased, licensed duplex is a fantastic investment opportunity, generating steady rental income with a 2-bedroom main floor unit and an upper bachelor unit. Whether you're an investor or looking to offset your mortgage with rental income, this property delivers.The unfinished basement offers excellent potential to increase value, with great ceiling height, a separate walkout, and a spacious layout. It presents potential opportunities such as expanding the main units living space, providing additional tenant storage, or housing a coin-operated laundrycreating an extra income stream.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. Dont miss this chance to own a turnkey investment with room to grow!
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
Listed by BLUE FOREST REALTY INC.