3857 PETALPATH Way

London | South V | N6P 1H5
  • 5 + 2
  • 6
  • 0

$1,299,900

Est. Mtg $4,407 /mo
  • Days on market

    129

  • Status

    New

Listing Broker CENTURY 21 FIRST CANADIAN CORP. DEAN SOUFAN INC.
Since listed: 1 views

Home details

MLS #:

X10893897

Property type:
Triplex
Style:
3-Storey
Taxes:
$0
Possession:
Lot Front:
36.19   Feet
Lot Depth:
109.56   Feet
Basement:
Apartment | Sep Entrance
Driveway Pkg:
2
Heat:
Gas | Forced Air

Description


3857 PETALPATH Way, , London, Ontario is a Triplex property in London and in the South V community in the N6P 1H5 postal code


INVESTORS DREAM PROPERTY! BRAND NEW! CITY OF LONDON APPROVED TRIPLEX! Possible 7%+ CAP RATE -estimated $90,000 in gross yearly income. RARE investment opportunity in the heart of a vibrant new subdivision! This immaculate Triplex boasts 4,022 SF of finished modern living space, designed for ultimate convenience and low maintenance living. Each unit within this triplex offers its own unique blend of comfort and style. The main floor suite features 2 bedrooms, 2 full baths, and seamless garage access for added convenience. On the upper level, you'll find 3 bedrooms, 2 full baths, and the cozy ambiance of an electric fireplace. Downstairs, the lower suite mirrors the main floor with 2 bedrooms, 2 full baths, and another inviting electric fireplace. With separate metering for gas and hydro for each unit, tenants enjoy autonomy over their utilities. Whether you're envisioning long-term tenants or exploring the lucrative realm of short-term rentals like Airbnb, this property is a true money maker. Inside each unit, in-suite laundry facilities ensure maximum convenience, while generously sized bedrooms provide ample space for relaxation. With a layout that allows the main floor and lower level to function as one large unit if desired, the possibilities are endless. Situated just moments away from the junction of highways 401 and 402, commuting is a breeze, making this property an ideal choice for tenants seeking accessibility. Plus, you're never far from everyday essentials with shopping, restaurants, banks, schools, and grocery stores all within easy reach. Whether you're an astute investor seeking a reliable income stream or an owner-occupier looking to offset mortgage costs by renting out additional units, this triplex offers the perfect blend of versatility and profitability. Don't miss out on this exceptional opportunity to secure your slice of real estate success! Schedule your viewing today. NOTE: PHOTOS ARE FROM A PREVIOUS BUILD AND FOR ILLUSTRATION PURPOSES ONLY..

Extras

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History

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List Date End Date List Price End Price Status MLS #
2024-11 2024-11 $1,299,900 $1,299,900 New X10893897

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

London :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 3857 PETALPATH Way

Based on available 3rd party data

$4542

Approximate costs per month

Mortgage
$4407 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$0 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Golf
  • Hospital
  • Park
  • Public Transit
  • Rec Centre
  • School
Listing Broker CENTURY 21 FIRST CANADIAN CORP. DEAN SOUFAN INC.
Data Source: TRREB

Payment calculator

$4407 monthly. In association with: TD Bank
%
  • Principal and Interest
    4407 /mo
  • Property Taxes
    $0 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Luis Serrano, Realtor

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