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:4555)
PROPERTY SPECS
Listing ID X11976341
Address 42 TERRACE STREET
City London, ON
Price $449,900
Bed / Bath 3 / 2 Full
Construction Brick
Land Size 125 x 40 FT
Type Duplex
Status For sale
EXTENDED FEATURES
AppliancesTwo Refrigerators, Two stovesBasementN/ABasement FeaturesSeparate entranceBasement DevelopmentUnfinishedParking2FoundationUnknownHeatingForced airHeating FuelNatural gasUtility WaterMunicipal waterDate Listed2025-02-18 19:01:53Days on Market43Parking2