17 Carfrae Crescent London South, Ontario N6C 4A8

7 Bedroom 3 Bathroom 1,500 - 2,000 ft2
Fireplace Baseboard Heaters, Heat Pump

$999,999

Purpose-Built, Legal & Licensed Triplex in Old South. An excellent turnkey investment opportunity just steps from Wortley Village. This solid brick triplex has been extensively renovated and offers three self-contained units, with two units currently vacant and one leased-giving the next owner flexibility to place their own tenants and establish current market rents. Each unit includes five newer appliances (2022), with two heat pumps added in 2023, four separate hydro meters, a new rear deck and staircase (2023), plus a brand-new asphalt driveway and parking lot providing ample on-site parking. The property previously generated over $64,000 in annual gross income when fully occupied, with potential for growth as the vacant units are re-leased. With an active City of London rental licence, legal triplex status and major improvements already completed, this is a strong opportunity for investors looking for a low-maintenance multi-family asset in one of London's most desirable rental locations. (id:39551)

Property Details

MLS® Number X13770780
Property Type Multi-family
Community Name South F
Amenities Near By Public Transit
Community Features Community Centre
Equipment Type Water Heater
Features Flat Site, Dry
Parking Space Total 4
Rental Equipment Type Water Heater
Structure Deck

Building

Bathroom Total 3
Bedrooms Above Ground 6
Bedrooms Below Ground 1
Bedrooms Total 7
Age 51 To 99 Years
Amenities Fireplace(s), Separate Heating Controls, Separate Electricity Meters
Basement Features Separate Entrance
Basement Type Full
Exterior Finish Brick
Fire Protection Smoke Detectors
Fireplace Present Yes
Fireplace Total 3
Foundation Type Concrete
Heating Fuel Electric
Heating Type Baseboard Heaters, Heat Pump
Stories Total 2
Size Interior 1,500 - 2,000 Ft2
Type Triplex
Utility Water Municipal Water

Parking

No Garage
Shared

Land

Acreage No
Land Amenities Public Transit
Sewer Sanitary Sewer
Size Depth 123 Ft
Size Frontage 33 Ft
Size Irregular 33 X 123 Ft ; 123.59ft X 33.22ft X 121.95ft X 7.12
Size Total Text 33 X 123 Ft ; 123.59ft X 33.22ft X 121.95ft X 7.12|under 1/2 Acre

https://www.realtor.ca/real-estate/30264427/17-carfrae-crescent-london-south-south-f-south-f

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