42 Terrace St

London | South I | N5Z 2X4
  • 3
  • 2
  • 0

$449,900

Est. Mtg $1,525 /mo
  • Days on market

    61

  • Status

    New

Listing Broker BLUE FOREST REALTY INC.
Since listed: 0 views

Home details

MLS #:

X11976341

Property type:
Duplex
Style:
1 1/2 Storey
Taxes:
$2,517
Possession:
Lot Front:
125.0   Feet
Lot Depth:
40.0   Feet
Basement:
Sep Entrance | Unfinished
Driveway Pkg:
1
Heat:
Gas | Forced Air

Description


42 Terrace St, , London, Ontario is a Duplex property in London and in the South I community in the N5Z 2X4 postal code


This fully leased, licensed duplex is a fantastic investment opportunity, generating steady rental income with a 2-bedroom main floor unit and an upper bachelor unit. Whether you're an investor or looking to offset your mortgage with rental income, this property delivers.The unfinished basement offers excellent potential to increase value, with great ceiling height, a separate walkout, and a spacious layout. It presents potential opportunities such as expanding the main units living space, providing additional tenant storage, or housing a coin-operated laundrycreating an extra income stream.Additional perks include a large shed that has previously been rented out for extra revenue. Recent updatesdeck repairs, fresh paint in the main unit, a new vanity, toilet, and bathroom windowensure the property is well-maintained and move-in ready.Located on a corner lot with two parking spaces and a generous backyard, this duplex is minutes from Victoria Hospital, public transit, and key amenities. Dont miss this chance to own a turnkey investment with room to grow!.

Extras

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History

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List Date End Date List Price End Price Status MLS #
2003-12 2024-01 $114,900 $112,000 Sld X7477009
2021-06 2024-02 $399,900 $375,000 Sld X7794001
2024-06 2024-10 $529,900 $479,000 Exp X8448924
2025-02 2025-02 $449,900 $449,900 New X11976341
2024-02 $499,900 $499,900 X7800829
2024-02 $399,900 $399,900 X7794000

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 42 Terrace St

Based on available 3rd party data

$1870

Approximate costs per month

Mortgage
$1525 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$209 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker BLUE FOREST REALTY INC.
Data Source: TRREB

Payment calculator

$1735 monthly. In association with: TD Bank
%
  • Principal and Interest
    1525 /mo
  • Property Taxes
    $209 /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

Raymond Chin, Realtor

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