17 CARFRAE CRESCENT
London South (South F), Ontario
MLS® X13770780
$999,999
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13770780
- Bedrooms
- 7
- Bathrooms
- 3
- Year built
- —
1 / 50Listing description
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.
Property summary
- MLS® number
- X13770780
- Property type
- Multi-family
- Building type
- Triplex
- Land size
- 33 x 123 FT ; 123.59ft x 33.22ft x 121.95ft x 7.12
- Annual property taxes
- $5,901.00
- Parking
- 4 spaces · No Garage, Shared
- Days on market
- 6 days
Features & details
- Heating
- Heat Pump, Baseboard heaters, Electric
- Basement
- Full, Separate entrance
- Exterior features
- Brick
- Lot features
- Flat site, Dry
- Community features
- Community Centre
What would this home cost you?
Based on the $999,999 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of CENTURY 21 FIRST CANADIAN CORP, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.