42 Terrace ST new Save Request In-Person Tour Request Virtual Tour
London South,ON N5Z 2X4
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision South I
MLS Listing ID X12173399
Style 1 1/2 Storey
Bedrooms 3
Annual Tax Amount $2,517
Tax Year 2024
Property Sub-Type Duplex
Property Description
Fantastic Opportunity for First-Time Buyers or Investors! This licensed duplex offers the ideal setup for house hacking or easing your monthly expenses. The spacious 2-bedroom main floor unit is vacant and move-in ready, making it perfect for homeowners looking to live in one unit while earning rental income from the already tenanted upper bachelor unit. The unfinished basement boasts great ceiling height, a separate walkout, and a flexible layout ideal for expanding the main units living space, offering tenant storage, or adding coin-operated laundry for supplemental income. Other highlights include a large backyard, a corner lot with two parking spaces, and a shed that has previously generated extra rental income. Recent updates such as deck repairs, fresh paint in the main unit, a new vanity, toilet, and bathroom window add to the homes appeal and readiness. Located just minutes from Victoria Hospital, public transit, and major amenities, this is a smart choice for anyone looking to step into real estate ownership with rental support from day one.
Location
Province ON
County Middlesex
Community South I
Area Middlesex
Rooms
Family Room No
Basement Separate Entrance,Unfinished
Kitchen 2
Interior
Interior Features In-Law Capability,Storage
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 125.0
Lot Depth 40.0
Total Parking Spaces 2
Building
Foundation Unknown