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! (id:4069)
Address
42 TERRACE STREET
List Price
$449,900
Property Type
Multi-family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
London
Bedrooms
3
Bathrooms
2
Floor Area
11,001,500 Sq. Ft.
Lot Size
125 x 40 FT Sq. Ft.
MLS® Number
X11976341
Listing Brokerage
BLUE FOREST REALTY INC.
Basement Area
N/A (Unfinished)
Postal Code
N5Z2X4
Zoning
R2-2
