42 TERRACE STREET London

42 TERRACE STREET, London, Ontario

$449,900

  • 3 Beds
  • 2 Baths

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:56241)

  • Listing ID: X11976341
  • Property Type: Multi-family

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Details

  • Parking Spaces: 2
  • Transaction: For sale
  • Zoning Description: R2-2

Building

  • Appliances: Two stoves, Two Refrigerators
  • BasementType: N/A (Unfinished)
  • Basement Development: Unfinished
  • Basement Features: Separate entrance
  • Bedrooms Main Level: 3
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Foundation: Unknown
  • Bathrooms (Total): 2
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 1100 - 1500 sqft
  • Stories Total: 1.5
  • Type: Duplex
  • Utility Water: Municipal water

Land

  • Sewer: Sanitary sewer
  • Size Frontage: 125 ft
  • Size Irregular: 125 x 40 FT
MLS®

Listing provided by BLUE FOREST REALTY INC.
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REALTOR®

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 42 TERRACE STREET in London Ontario. It was last modified on February 18th, 2025. Contact us to schedule a viewing or to discover other London homes for sale.

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