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Home ON Greater London London Glen Cairn
42 TERRACE STREET
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42 TERRACE STREET $449,900
$449,900
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42 TERRACE STREET
London, Ontario N5Z2X4

MLS® Number: X11976341
3
Bedrooms
2
Bathrooms
-
Square Feet

Listing Description

This fully leased, licensed duplex is a fantastic investment opportunity, generating steady rental income with a 2-bedroom main floor unit and an upper bachelor unit. Whether you're an investor or looking to offset your mortgage with rental income, this property delivers.The unfinished basement offers excellent potential to increase value, with great ceiling height, a separate walkout, and a spacious layout. It presents potential opportunities such as expanding the main units living space, providing additional tenant storage, or housing a coin-operated laundrycreating an extra income stream.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. Dont miss this chance to own a turnkey investment with room to grow! (39900510)

Location Description

Josephine

Property Summary

Property Type
Multi-family
Building Type
Duplex
Storeys
1.5
Community Name
South I
Land Size
125 x 40 FT
Annual Property Taxes
$2,517
Parking Type
No Garage
Time on REALTOR.ca
33 days

Building

Bedrooms
Above Grade
3
Bathrooms
Total
2
Interior Features
Appliances Included
Two stoves, Two Refrigerators
Basement Features
Separate entrance
Basement Type
N/A (Unfinished)
Building Features
Foundation Type
Unknown
Heating & Cooling
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Parking Type
No Garage
Total Parking Spaces
2

Land

Lot Features
Frontage
125 ft
Land Depth
40 ft
Other Property Information
Zoning Description
R2-2
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3

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