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42 Terrace Street London, Ontario N5Z 2X4

3 Bedroom 2 Bathroom
Forced Air

$449,900

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:38414)

Property Details

MLS® Number X11976341
Property Type Multi-family
Community Name South I
ParkingSpaceTotal 2

Building

BathroomTotal 2
BedroomsAboveGround 3
BedroomsTotal 3
Appliances Two Stoves, Two Refrigerators
BasementDevelopment Unfinished
BasementFeatures Separate Entrance
BasementType N/a (unfinished)
ExteriorFinish Brick
FoundationType Unknown
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
Type Duplex
UtilityWater Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 40 Ft
SizeFrontage 125 Ft
SizeIrregular 125 X 40 Ft
SizeTotalText 125 X 40 Ft
ZoningDescription R2-2

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