42 TERRACE STREET, London, Ontario N5Z 2X4

42 TERRACE STREET, London, Ontario N5Z 2X4
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Get more details

$449,900.00

  • 3 bedrooms
  • 2 bathrooms

A turnkey income property with even greater potential licenced duplex is already generating steady rental income with a 2-bedroom main floor unit and an upper bachelor unit, both fully leased. But the true value lies in the unfinished basement, a prime opportunity to unlock additional income. With excellent ceiling height, a separate walkout to the backyard, and a spacious footprint, it's an ideal candidate for adding another residential unit (buyer to verify). This could significantly boost cash flow and maximize the property's highest and best use. There's more, a a large shed on the property presents another income stream, having been previously ... read more

A turnkey income property with even greater potential licenced duplex is already generating steady rental income with a 2-bedroom main floor unit and an upper bachelor unit, both fully leased. But the true value lies in the unfinished basement, a prime opportunity to unlock additional income. With excellent ceiling height, a separate walkout to the backyard, and a spacious footprint, it's an ideal candidate for adding another residential unit (buyer to verify). This could significantly boost cash flow and maximize the property's highest and best use. There's more, a a large shed on the property presents another income stream, having been previously rented out. Recent updates, including deck repairs, fresh paint in the main unit, a new vanity, toilet, and bathroom window, ensure the property is well-maintained and tenant-ready. Situated on a corner lot with two parking spaces and a generous backyard, this property is just minutes from Victoria Hospital and transit routes. (id:25417)

  • Listing ID: X11976341
  • Property Type: Single Family
Property
Lot Size: 125 by 40 FT
Parking: No Garage
2 Spaces
Building
Type: Single Family Duplex
Appliances: Two Stoves and Refrigerator
HVAC: Fireplace and Forced Air
Natural Gas
Exterior: Brick
Basement: N/A (Unfinished)
Utilities: Sanitary Sewer
Location
City: London
Province: Ontario

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42 TERRACE STREET, London, Ontario N5Z 2X4
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This property, located on Terrace Street in London Ontario, was published on February 18th, 2025. See if this home suits your needs, or speak with an agent about subscribing to similar homes. At MoveMeTo.com, we make finding homes for sale in London convenient.

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