This fully renovated VACANT triplex in London, ON, is a prime investment opportunity, offering modern finishes, excellent rental income potential, and a strong cap rate of over 7.5%. Situated on a deep lot with room for future development, this property features three beautifully updated units. Each unit boasts brand-new luxury vinyl plank flooring, stylish kitchens with quartz countertops in one unit, upgraded appliances (in all units), and elegant tiled backsplashes. The main floor unit is bright and open-concept, with direct access to the backyard, in-suite laundry, and a partially finished basement perfect for storage. It previously rented for approximately $2,000 per month. The second unit is a well-designed studio apartment with contemporary finishes, generating around $1,350 per month. The upper-level unit features a spacious, open layout with two bedrooms and a brand-new shower, previously renting for $2,200 per month. With its turnkey condition, strong rental demand, and potential for additional development, this triplex is a rare opportunity for investors or those looking to live in one unit while renting out the others. Don't miss out on this high-yield property!
Property Type:
Residential Freehold
Property Sub Type:
Triplex
Home Style:
2-Storey
Approx. Age:
51-99
Total Approx Floor Area:
1100-1500
Lot Size:
<.50
Depth:
165'4½"50.4 m
Frontage:
35'1"10.7 m
Lot Shape:
Rectangular
Topography:
Flat
Direction Faces:
South
Bedrooms:
4
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
3
Bedrooms Above Grade:
4
Kitchens Above Grade:
3
Rooms Above Grade:
14
Ensuite Laundry:
No
Fractional Ownership:
No
Zoning:
R3-1
Assignment:
No
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Block
Roof:
Asphalt Shingle
Basement:
Unfinished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Other Structures:
Garden Shed
Parking Features:
Private
Parking Spaces:
3
Total Parking Spaces:
3.0
Family Room:
Yes
Possession Details:
Flexible
Lot Irregularities:
35.06 ft x 165.38 ft x 35.13 ft x 166.24
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment:
$201,000
Assessment Year:
2025
Taxes:
$3,161.98 /
2024
Assessment:
$201,000.00 /
2025
London East
East K
Middlesex
Fenced Yard, Hospital, Library, Park, Place Of Worship, Public Transit
Carpet Free, Separate Hydro Meter, Water Heater
Porch
Smoke Detector
Hot water tank
Stove X3, Fridge X3, Washer & Dryer
None
Brick
No
No
None
City, Downtown
Floor
Type
Size
Other
Main
Living Room
5'8"1.73 m × 3'11"1.20 m
Main
Kitchen
3'8"1.12 m × 3'5¾"1.06 m
Main
Primary Bedroom
2'11".90 m × 2'9".85 m
Main
Primary Bedroom
5'8"1.73 m × 3'9½"1.16 m
Main
Kitchen
2'7".78 m × 1'6⅛".46 m
Main
Dining Room
3'8"1.12 m × 2'2".67 m
Second
Living Room
3'8"1.12 m × 2'9¼".84 m
Second
Kitchen
3'8"1.12 m × 2'10".85 m
Second
Bedroom
3'4¼"1.02 m × 2'9".85 m
Second
Bedroom 2
3'4¼"1.02 m × 2'10".85 m
Floor
Ensuite
Pieces
Other
Main
No
4
2'3½" x 1'6⅛" 4 Pc Bath
Main
No
3
2'1¾" x 3'5" 3 Pc Bath
Second
No
-
2'3⅛" x 1'9"
UFFI:
No
Utilities Cable:
Available
Utilities Telephone:
Available
Utilities Gas:
Yes
Utilities Hydro:
Yes
Utilities Water:
Yes
Sewers:
Yes
Energy Certification:
No
Special Designation:
Unknown
Sewers:
Sewer
Air Conditioning:
None
Central Vacuum:
No
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Laundry Level:
Main Level
Date Listed:
Apr 01, 2025
Original Price:
$778,000
Front of Home
Photo 2 of 41
Photo 3 of 41
Main Unit: Kitchen, Living, Dining
Main Unit: Bathroom
Main Unit: Open to the backyard
Photo 7 of 41
Main Unit: New Quartz Countertops
Main Unit: View from Kitchen & Dining in Main Unit
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