terrace st

3 Bedroom Real Estate has been listed for sale at 42 Terrace St in London for $429,000. Chat with a local expert, book a tour.

London

Glen Cairn

42 Terrace St

42 Terrace St, For Sale in London - eXp Commercial Brokerage

Fantastic Opportunity for First-Time Buyers or Investors! This licensed duplex offers the ideal setup for house hacking or easing your monthly expenses. The spacious 2-bedroom main floor unit is vacant and move-in ready, making it perfect for homeowners looking to live in one unit while earning rental income from the already tenanted upper bachelor unit. The unfinished basement boasts great ceiling height, a separate walkout, and a flexible layout ideal for expanding the main units living space, offering tenant storage, or adding coin-operated laundry for supplemental income. Other highlights include a large backyard, a corner lot with two parking spaces, and a shed that has previously generated extra rental income. Recent updates such as deck repairs, fresh paint in the main unit, a new vanity, toilet, and bathroom window add to the homes appeal and readiness. Located just minutes from Victoria Hospital, public transit, and major amenities, this is a smart choice for anyone looking to step into real estate ownership with rental support from day one.

Attention Investors Or Those Looking For Rental Income: Solid Building On Corner Lot Currently Used As Duplex, Although According To Geowarehouse It Is Classified As A Triplex. Rents Are Currently Under Market Value: Upper Bachelor - $490/M + Hydro; Main 2 Bedroom - $1395/M + Hydro. Tenants Wish To Stay, And Have Said They Will Be Willing To Sign New Leases.
Bonus: Walkout From Lower Level At Rear. Separate Hydro Meters. Shingles Replaced Approximately 6 Yrs Ago. Property Has Development Potential. Close To Victoria Hospital, And Easy Access To Hwy.

This licensed duplex provides steady income with a rented 2-bedroom unit on the main floor, a bachelor unit upstairs, and an unfinished basement offering potential for additional living space or even an extra unit. The basement has excellent ceiling height and a walkout to the spacious backyard. The property also benefits from additional rental income with a large shed that is already rented out. Recent updates include deck repairs, fresh paint in the main unit, a new vanity, a new toilet, and a new bathroom window. The property offers two parking spots and is situated on a corner lot with a large backyard. Located near Victoria Hospital in the heart of London's vibrant Chelsea Green neighbourhood, this property is surrounded by a strong community atmosphere making it an ideal investment opportunity.

This licensed duplex is a fantastic opportunity for investors or homeowners looking to offset their mortgage! The vacant 2-bedroom main floor unit is move-in ready, making it perfect for a house hack or a mortgage helper. The upper bachelor unit is already leased, providing steady rental income.The unfinished basement offers excellent potential to increase value, with great ceiling height, a separate walkout, and a spacious layout. Whether you expand the main unit's living space, provide additional tenant storage, or install a coin-operated laundry for extra income, the options are there.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. Don't miss this chance to own a turnkey home with rental income potential!

42 Terrace St, London, ON

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