1467 MCLARENWOOD TERRACE new Save Request In-Person Tour Request Virtual Tour
London,ON N5W1X8
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision East O
MLS Listing ID X10433561
Bedrooms 6
Property Description
Investors, take note! This turnkey triplex is a rare opportunity to own or live in one of the units while enjoying a well-maintained income property in a desirable family-friendly neighbourhood. Fully licensed and fire inspected. Offering three spacious two-bedroom units, the property has been updated with modern kitchens, bathrooms and flooring, as well as updated heating, plumbing, and electrical systems. Roofing was updated in 2019. Projected to generate $40,630 in gross rental income for 2024, with operating expenses estimated at $11,826, the property is set to achieve a net income of approximately $28,804. With its fair market rental potential of $64,200 annually, this property offers both immediate returns and exciting long-term growth potential. Current rents for the middle and lower units are $1,225 per month, including utilities, with reliable, long-term tenants who wish to stay. The recently vacated upper unit provides an excellent option for owner-occupancy or securing a new tenant at market rent of $1,750 or more. On-site coin laundry is available. Additional highlights include ample parking and a private rear yard, all within close proximity to parks, schools, and public transit. Whether youre a seasoned investor or just starting your portfolio, this low-maintenance, high-performing property is an exceptional opportunity. (id:24570)
Location
Province ON
Interior
Heating Other
Exterior
Garage No
Waterfront No
View Y/N No
Building
Story 2
Sewer Sanitary sewer