This fully renovated VACANT triplex in London, ON, is a prime investment opportunity, offering modern finishes, excellent rental income potential, and a strong cap rate of over 8%. Situated on a deep lot with room for future development, this property features three beautifully updated units. Each unit boasts brand-new luxury vinyl plank flooring, stylish kitchens with quartz countertops in one unit, upgraded appliances (in all units), and elegant tiled backsplashes. The main floor unit is bright and open-concept, with direct access to the backyard, a newly renovated bathroom (2025), in-suite laundry, and a partially finished basement perfect for storage. It was previously rented for approximately $2,000 per month. The second unit is a well-designed studio apartment with contemporary finishes, generating around $1,350 per month. The upper-level unit features a spacious, open layout with two bedrooms and a brand-new shower, previously renting for $2,200 per month. With its turnkey condition, strong rental demand, and potential for additional development, this triplex is a rare opportunity for investors or those looking to live in one unit while renting out the others. (id:51532)
| Property Summary |
|---|
| Building |
|---|
| Land |
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| Level | Rooms | Dimensions |
|---|---|---|
| Second level | Bedroom | 3.35 m x 2.78 m |
| Bathroom | 2.26 m x 1.75 m | |
| Bedroom 2 | 3.35 m x 2.8 m | |
| Living room | 3.67 m x 2.77 m | |
| Kitchen | 3.67 m x 2.8 m | |
| Main level | Living room | 3.94 m x 5.68 m |
| Kitchen | 3.69 m x 3.48 m | |
| Primary Bedroom | 2.78 m x 2.94 m | |
| Bathroom | 2.29 m x 1.51 m | |
| Primary Bedroom | 3.79 m x 5.67 m | |
| Kitchen | 2.56 m x 1.51 m | |
| Dining room | 3.69 m x 2.2 m | |
| Bathroom | 2.15 m x 3.43 m |
| Features | |||||
|---|---|---|---|---|---|
| Flat site | Carpet Free | No Garage | |||
| Water Heater | Dryer | Stove | |||
| Washer | Refrigerator | Separate Electricity Meters | |||
