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Remarkable Triplex For Sale Income Opportunity London Ontario

Have you wanted an income property in London, Ontario, that combined with the right ingredients of your personal touch? This tri-plex will be one of the best investments you will ever make.

This would also be an ideal home for multi-generation families and earn some income!

This legal purpose-built brick property has two three-bedroom units and one one-bedroom apartment with separate metres, and all share the laundry in the basement. The two three-bedroom apartments are occupied by long-term tenants who wish to stay and are month to month, paying $1050 monthly all-inclusive. Considerably less than current market rents, the one-bedroom was owner-occupied and is now vacant; the projected income for the lower one-bedroom is a minimum of $850.00.

There is parking galore, a large fenced backyard and a shared driveway. The expenses for 2021 were $12,841, not including mortgage principal & interest; income from the two rental units was $25,200. Be creative and proactive; you should be able to generate $40,000 plus annually!

Did I mention the location? Google it; what better location in London for a rental property? Limited times are available for viewings; have your Realtor book a time now!

MLS# 40207249

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Ty Lacroix

"Not All Realtors Are The Same"! This website and content are for you and are designed and constantly upgraded with the latest real estate trends, how-tos, and what is for sale on MLS. Our primary focus is guiding home buyers and sellers to make good decisions. We believe selling real estate is a process, not an event or knee-jerk reaction; we sleep well at night and ensure our clients do as well! We are not for everybody, nor can we please everybody, nor do we tell people what they want to hear; I know that may be old-fashioned and boring, but we are dealing with hundreds of thousands of your hard-earned money. Would you rather be happy, excited and bored or unhappy, excited and make a poor choice? About Ty I am a Broker with Sutton Group Preferred Realty Inc., Brokerage and the team leader for The Envelope Real Estate Group, that's enough about me! You see, this is about you, you do not want to hear blah blah stuff about awards, designations, or that we walk older adults across the street (I used to help old ladies cross the street, but as I got older I did not want my wife to think I was flirting) the reincarnation of Mother Teresa, walk on water or anything else to impress you. We let the numbers speak for themselves; success leaves clues!

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