17 CARFRAE CRESCENT

Purpose-Built, Legal & Licensed Triplex in Old South. An excellent turnkey investment opportunity just steps from Wortley Village. This solid brick triplex has been extensively renovated and offers three self-contained units, with two units currently vacant and one leased-giving the next owner flexibility to place their own tenants and establish current market rents. Each unit includes five newer appliances (2022), with two heat pumps added in 2023, four separate hydro meters, a new rear deck and staircase (2023), plus a brand-new asphalt driveway and parking lot providing ample on-site parking. The property previously generated over $64,000 in annual gross income when fully occupied, with potential for growth as the vacant units are re-leased. With an active City of London rental licence, legal triplex status and major improvements already completed, this is a strong opportunity for investors looking for a low-maintenance multi-family asset in one of London's most desirable rental locations. (id:67197)

Price

$999,999

Property Type

Multi-family

Transaction Type

For sale

Bedrooms

7

Bathrooms

3

Parking

4

MLS® Number

X13770780

Interior Size

1500 - 2000 sqft

Building Type

Triplex

Bedrooms Above Grade

6

Bedrooms Below Grade

1

Bathrooms

3

Basement

Full

Exterior Finish

Brick

Fireplace

Yes

Fireplaces

3

Foundation

Concrete

Heating Fuel

Electric

Heating

Baseboard heaters, Heat Pump

Interior Size

1500 - 2000 sqft

Stories

2

Water

Municipal water

Size Frontage

33 ft

Size Depth

123 ft

Acreage

No

Sewer

Sanitary sewer

Amenities Nearby

Public Transit

• Flat site
• Dry
• Public Transit
• Water Heater
• Deck