Address: 42 TERRACE STREET, London FOR SALE Postal Code: N5Z2X4 Style: Type: Single Family Duplex Bedrooms: 3 Bathrooms: 2 / 0 Bedrooms Aboveground: 3 Parking: No Garage Garage: No Garage Lot Size: 125 ft x 40 ft Property Size: 125 x 40 FT Stories: 1.5
About 42 Terrace Street
A turnkey income property with even greater potential licenced duplex is already generating steady rental income with a 2-bedroom main floor unit and an upper bachelor unit, both fully leased. But the true value lies in the unfinished basement, a prime opportunity to unlock additional income. With excellent ceiling height, a separate walkout to the backyard, and a spacious footprint, it s an ideal candidate for adding another residential unit (buyer to verify). This could significantly boost cash flow and maximize the property s highest and best use. There s more, a a large shed on the property presents another income stream, having been previously rented out. Recent updates, including deck repairs, fresh paint in the main unit, a new vanity, toilet, and bathroom window, ensure the property is well-maintained and tenant-ready. Situated on a corner lot with two parking spaces and a generous backyard, this property is just minutes from Victoria Hospital and transit routes. (id:56071). Get more information on 42 Terrace Street
Property Features
Appliances: Refrigerator, Two stoves Rental Equipment: Directions: Josephine Zoning Description: R2-2 Lot: 125 x 40 FT 125 x 40 FT Exterior Finish: Brick Water: Municipal water, Sanitary sewer Heating / Cooling: Natural gas / Age: Foundation: Unknown Basement: N/A (Unfinished) Unfinished
Rooms & Sizes
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John DiRenzo
Sales Representative RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
Brokered by: OAK AND KEY REAL ESTATE BROKERAGE, INC.
John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.
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