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17 Carfrae Crescent Image 1

$1,100,000

May 6Triplex For Sale
bedrooms7bed
washrooms8bath
MLS - #X12126523

17 Carfrae Crescent, London South, ON N6C 4A8

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Similar Homes Found
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Average Price
110000000.0%
Higher than average

Price Comparison

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Property Description

Property type

Triplex

Lot size

< .50 acres

Style

2-Storey

Approx. Area

N/A

About 17 Carfrae Crescent

Solid Brick Triplex in the Heart of Old South- Turnkey Investment Opportunity. Welcome to this beautifully renovated solid brick triplex nestled in one of London's most sought-after neighbourhoods-Old South. Fully modernized from top to bottom, this income-generating property is the perfect blend of timeless charm and contemporary updates. Each of the three self-contained units has been thoughtfully upgraded and comes complete with five new appliances (2022) per unit, offering exceptional convenience for tenants. With an active rental license in place with the City of London, this is a fully compliant and ready-to-go investment. The newly constructed read deck and staircase (2023) are not only structurally sound but provide additional outdoor space and safe access for upper units. Two new heat pumps installed in 2023 ensure energy-efficient heating and cooling throughout the property, keeping utility costs low. Plus, the property features four separate hydro meters, making tenant utility management simple and transparent. Currently grossing over $64,000 annually, this triplex offers strong cash flow with room for growth. Whether you're looking to expand your portfolio or live in one unit while renting the others, this is a rare opportunity in a prime location. Don't miss your chance to own a beautifully updated, fully licensed triplex in Old South-steps from Wortley Village, parks, shops, and transit.

Home Overview

Last updated

May 6

Virtual tour

None

Basement information

Separate Entrance, Full

Building size

--

Status

In-Active

Property sub type

Triplex

Maintenance fee

$N/A

Year built

--

Listed by CENTURY 21 FIRST CANADIAN CORP

Additional Details

Basement:Separate Entrance, Full
Cooling:Other
Heating:Baseboard
Parking Features:Available, Mutual, Private, Unreserved

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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