ON > London > South I
London, ON N5Z 2X4,42 Terrace ST
London, ON N5Z 2X4,42 Terrace ST
London, ON N5Z 2X4,42 Terrace ST
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$449,900
Est. payment /mo
3 Beds
2 Baths
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UPDATED:

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

Lot Depth 40.0

Lot Front 125.0

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

Zoning R2-2

Rooms

Family Room No

Basement Separate Entrance, Unfinished

Kitchen 2

Interior

Interior Features In-Law Capability, Storage

Cooling None

Inclusions 2 REFRIGERATORS; 2 STOVES

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 125.0

Lot Depth 40.0

Total Parking Spaces 2

Building

Foundation Unknown

Others

Senior Community No

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Listed by BLUE FOREST REALTY INC.

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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