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London North, ON N6H 1E2,162 Mount Pleasant AVE
London North, ON N6H 1E2,162 Mount Pleasant AVE
London North, ON N6H 1E2,162 Mount Pleasant AVE
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$999,900
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8 Beds
5 Baths
New

162 Mount Pleasant AVE London North, ON N6H 1E2

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision North N

MLS Listing ID X12377928

Style 1 1/2 Storey

Bedrooms 8

Building Age 100+

Annual Tax Amount $4,184

Tax Year 2024

Property Sub-Type Triplex

Property Description

Exceptional turn-key investment opportunity in a prime London location near both Downtown and Western University.This fully renovated triplex generates $91,800 in annual income with a net operating income of $74,648, reflecting a strong 7.5% cap rate.The property features three self-contained units: a 5-bedroom, 2.5-bath student rental (Unit A); a 1-bedroom, 1-bath lower-level unit rented to a professional couple (Unit B); and a vacant, detached 2-bedroom, 1-bath dwelling with private garage and workshop (Unit C), ideal for an owner occupier or to lease at top market rent.The units have been recently updated with modern finishes and functional layouts. Major mechanical upgrades include a new furnace, water heater, and air conditioner in Unit C (2024), and a new air conditioner for the main house (2025).Each unit has its own private yard, and the property sits on a large lot with ample parking and outdoor space. A rare opportunity to acquire a stabilized, low-maintenance asset with strong cash flow and future upside.

Location

Province ON

County Middlesex

Community North N

Area Middlesex

Zoning R2-2

Rooms

Family Room Yes

Basement Apartment

Kitchen 3

Separate Den/Office 1

Interior

Interior Features Water Heater Owned

Cooling Central Air

Fireplaces Type Family Room

Inclusions 3x Fridge, 3x Stove, 3x Dishwasher, 2x Washing Machine, 2x Dryer, 2x Water Heater, 2x AC, 2x Furnace

Exterior

Parking Features Private

Garage Spaces 2.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 66.0

Lot Depth 188.0

Total Parking Spaces 8

Building

Foundation Block

Others

Senior Community Yes

Listed by A TEAM LONDON

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162 Mount Pleasant AVE