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42 Terrace Street London, ON

$449,900
|
3 Beds
|
  2 Full
|

PROPERTY INFO

A turnkey income property with even greater potential licenced duplex is already generating steady rental income with a 2-bedroom main floor unit and an upper bachelor unit, both fully leased. But the true value lies in the unfinished basement, a prime opportunity to unlock additional income. With excellent ceiling height, a separate walkout to the backyard, and a spacious footprint, it's an ideal candidate for adding another residential unit (buyer to verify). This could significantly boost cash flow and maximize the property's highest and best use. There's more, a a large shed on the property presents another income stream, having been previously rented out. Recent updates, including deck repairs, fresh paint in the main unit, a new vanity, toilet, and bathroom window, ensure the property is well-maintained and tenant-ready. Situated on a corner lot with two parking spaces and a generous backyard, this property is just minutes from Victoria Hospital and transit routes. (id:4555)

PROPERTY SPECS

Listing ID X11976341
Address 42 TERRACE STREET
City London, ON
Price $449,900
Bed / Bath 3 / 2 Full
Construction Brick
Land Size 125 x 40 FT
Type Duplex
Status For sale

EXTENDED FEATURES

Appliances Refrigerator, Two stovesBasement N/ABasement Features Separate entranceBasement Development UnfinishedParking 2Foundation UnknownHeating Forced airHeating Fuel Natural gasUtility Water Municipal water Date Listed 2025-02-18 19:01:53Days on Market 4Parking 2
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226.881.0754

REQUEST MORE INFORMATION

LISTING OFFICE:
Blue Forest Realty Inc., Lara Cutler
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