Homes for sale - 1467 MCLARENWOOD TERRACE, London, ON N5W1X8

London, ON N5W1X8,1467 MCLARENWOOD TERRACE

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Kevin Scharfenberg

tnrdhomes@gmail.com +1(250) 457-1795

$725,000

Est. payment - /mo

6 Beds

3 Baths

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision East O

MLS® Listing ID X10433561

Bedrooms 6

Originating Board London and St. Thomas Association of REALTORS®

Property Description

Investors, take note! This turnkey triplex is a rare opportunity to own or live in one of the units while enjoying a well-maintained income property in a desirable family-friendly neighbourhood. Fully licensed and fire inspected. Offering three spacious two-bedroom units, the property has been updated with modern kitchens, bathrooms and flooring, as well as updated heating, plumbing, and electrical systems. Roofing was updated in 2019. Projected to generate $40,630 in gross rental income for 2024, with operating expenses estimated at $11,826, the property is set to achieve a net income of approximately $28,804. With its fair market rental potential of $64,200 annually, this property offers both immediate returns and exciting long-term growth potential. Current rents for the middle and lower units are $1,225 per month, including utilities, with reliable, long-term tenants who wish to stay. The recently vacated upper unit provides an excellent option for owner-occupancy or securing a new tenant at market rent of $1,750 or more. On-site coin laundry is available. Additional highlights include ample parking and a private rear yard, all within close proximity to parks, schools, and public transit. Whether youre a seasoned investor or just starting your portfolio, this low-maintenance, high-performing property is an exceptional opportunity. (id:24570)

Location

Province ON

Rooms

Extra Room 1 Second level 3.357 m X 4.892 m Kitchen

Extra Room 2 Second level 6.772 m X 3.297 m Living room

Extra Room 3 Second level 3.355 m X 3.818 m Bedroom

Extra Room 4 Second level 2.734 m X 3.377 m Bedroom 2

Extra Room 5 Second level 6.71 m X 3.289 m Living room

Extra Room 6 Second level 3.351 m X 3.84 m Bedroom

Interior

Heating Other

Exterior

Garage No

Waterfront No

View Y/N No

Total Parking Spaces 6

Private Pool No

Building

Story 2

Sewer Sanitary sewer

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Listed by EXP REALTY

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Kevin Scharfenberg

+1(250) 457-1795

Personal Real Estate Corporation | License ID: 180491

Personal Real Estate Corporation License ID: 180491

1467 MCLARENWOOD TERRACE London, ON N5W1X8

Kevin Scharfenberg

Kevin Scharfenberg

Key Details

Location

Rooms

Interior

Exterior

Building

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1467 MCLARENWOOD TERRACE