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Royal LePage
Royal LePage
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$429,000

London South (South I) ON, N5Z 2X4

MLS® # X12503730

Property Information:

This licensed duplex offers the perfect setup for house hacking - live in one unit and let the rental income offset your mortgage. The spacious 2-bedroom main floor unit is vacant, move-in ready, and freshly updated with brand-new flooring throughout, a stylish accent wall with an electric fireplace, a frosted sliding barn door, and modern window coverings. It even features a new all-in-one washer/dryer and smart thermostat for added convenience. The main floor can also be sold fully furnished - complete with beds, couches, artwork, TV, and a security system - making this a true turnkey option.The upper bachelor unit and garage are already leased, providing steady income from day one. The basement has been professionally interior waterproofed and includes a new sump pump with warranty, offering peace of mind and potential for added value with future finishing.Located on a corner lot with two parking spaces, a large backyard, and close proximity to Victoria Hospital, transit, and major amenities, this property combines comfort, income potential, and smart ownership all in one. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Duplex
  • Basement Development: Unfinished
  • Basement Type: N/A, N/A
  • Exterior Finish: Brick
  • Floor Space: 1100 - 1500 sqft
  • Foundation Type: Unknown
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Dryer, Two stoves, Washer

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 3
  • Bathrooms: 2
  • Floor Space (approx): 1100 - 1500 Square Feet
  • Irregular: Yes
  • Lot Depth: 40.0 Feet
  • Lot Frontage: 125.0 Feet
  • Lot Size: 125 x 40 FT
  • Zoning: R2-2
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 2

Rooms:

  • Living 2nd Level 5.46 m x 4.22 m
  • Kitchen 2nd Level 4.51 m x 2.41 m
  • Living Main Level 3.97 m x 3.76 m
  • Kitchen Main Level 4.52 m x 4.00 m
  • Bathroom Main Level 2.89 m x 2.71 m
  • Bedroom Main Level 2.89 m x 2.71 m
  • 2nd Bedroom Main Level 2.98 m x 2.89 m
  • Other Ground Level 5.62 m x 2.35 m
  • Other Ground Level 3.97 m x 2.67 m

Convert Measurement to:


Courtesy of: BLUE FOREST REALTY INC.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 42 TERRACE STREET, London South (South I), Ontario, N5Z 2X4

Demographic Information of 42 TERRACE STREET, London South (South I), Ontario, N5Z 2X4

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$85,123.74

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.84 %

High school certificate or equivalent

37.01 %

Apprenticeship trade certificate/diploma

6.41 %

College/non-university certificate

25.02 %

University certificate (below bachelor)

0.69 %

University Degree

9.02 %

Commuter

Travel To Work

By Car

81.07 %

By Public Transit

7.9 %

By Walking

3.87 %

By Bicycle

0.32 %

By Other Methods

6.84 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

39.5 %

Houses

60.5 %

Own Vs. Rent

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