$ 725,000
1467 Mclarenwood TER London, ON N5W 1X8
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 725,000
Est. payment /mo
New
1467 Mclarenwood TER London, ON N5W 1X8
4 Beds
3 Baths
UPDATED:
11/22/2024 08:08 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID X10433561
Style 2-Storey
Bedrooms 4
Annual Tax Amount $4,405
Tax Year 2024
Property Description
Investors, take note! This turnkey triplex is a rare opportunity to own or live in one of the units while enjoying a well-maintained income property in a desirable family-friendly neighbourhood. Fully licensed and fire inspected. Offering three spacious two-bedroom units, the property has been updated with modern kitchens, bathrooms and flooring, as well as updated heating, plumbing, and electrical systems. Roofing was updated in 2019. Projected to generate $40,630 in gross rental income for 2024, with operating expenses estimated at $11,826, the property is set to achieve a net income of approximately $28,804. With its fair market rental potential of $64,200 annually, this property offers both immediate returns and exciting long-term growth potential. Current rents for the middle and lower units are $1,225 per month, including utilities, with reliable, long-term tenants who wish to stay. The recently vacated upper unit provides an excellent option for owner-occupancy or securing a new tenant at market rent of $1,750 or more. On-site coin laundry is available. Additional highlights include ample parking and a private rear yard, all within close proximity to parks, schools, and public transit. Whether youre a seasoned investor or just starting your portfolio, this low-maintenance, high-performing property is an exceptional opportunity.
Location
Province ON
County Middlesex
Area East O
Rooms
Family Room Yes
Basement Apartment, Finished with Walk-Out
Kitchen 3
Separate Den/Office 2
Interior
Interior Features Water Heater Owned
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Private
Garage Spaces 6.0
Pool None
Waterfront No
Roof Type Flat
Total Parking Spaces 6
Building
Foundation Block
Listed by EXP REALTY