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6 + 1
BEDROOMS 3
BATHROOMS 2 + 1
KITCHENS 8 + 2
ROOMS X13770780
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Property Description
Purpose-Built, Legal & Licensed Triplex in Old South. An excellent turnkey investment opportunity just steps from Wortley Village. This solid brick triplex has been extensively renovated and offers three self-contained units, with two units currently vacant and one leased-giving the next owner flexibility to place their own tenants and establish current market rents. Each unit includes five newer appliances (2022), with two heat pumps added in 2023, four separate hydro meters, a new rear deck and staircase (2023), plus a brand-new asphalt driveway and parking lot providing ample on-site parking. The property previously generated over $64,000 in annual gross income when fully occupied, with potential for growth as the vacant units are re-leased. With an active City of London rental licence, legal triplex status and major improvements already completed, this is a strong opportunity for investors looking for a low-maintenance multi-family asset in one of London's most desirable rental locations.
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Property Features
Public Transit, Rec./Commun.Centre, Separate Heating Controls, Separate Hydro Meter, Available, Mutual, Private, Unreserved, Carbon Monoxide Detectors, Smoke Detector, Electric
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Property Details
Address
17 Carfrae Crescent
Community
City
Postal Code
N6C 4A8
Property Type
Triplex, Triplex
Lot Size
33' x 123'
Acreage
4,090.3 Feet
Taxes
$5,901 (2025
Basement
Separate Entrance, Full
Exterior
Deck
Heat Type
Baseboard
Heat Source
Electric
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Century 21 First Canadian Corp
Excellent investment opportunity at 664 Cheapside Street! This fully rented licensed triplex offers immediate rental income with three self-contained units, including a spacious 3-bedroom main-floor unit, a well-appointed 2-bedroom second-floor unit, and a 2-bedroom basement unit, each with its own separate entrance. A turnkey addition to any investment portfolio, this property provides long-term potential. Ideally located close to schools, shopping, public transit, parks, and major transportation routes, making it an attractive option for tenants. Don't miss this exceptional income-generating property-schedule your private showing today!
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Take advantage of the HST Rebate pricing now!!! Incredible opportunity for investors or live in with income opportunity!!! This brand new to be built, purpose built triplex features three spacious 2 bedroom open concept units with projected gross annual income of $75,000.00. Situated on a quiet street just 2 minute drive from Fanshawe College, minutes to down town and quick drive to Western University campus. This 3 unit plan features 2286 sq ft on main and upper unit and 831 sq ft in lower unit for a total of 3117 sq ft . It is also surrounded by many amenities such as Canadian Super Store, LCBO, restaurants, and bus routes and rapid transit corridor. This location offers strong rental demand and minimal vacancy risk, great addition to anyone's investment portfolio. Great opportunity to pick tenants and set your own rent values with three vacant and ready to go units. Features of this build include exterior is finished with upgraded low maintenance vinyl board siding. Del windows, 9 ft ceilings and vaulted ceiling each unit features luxury vinyl plank flooring, making it ideal for rental wear and tear. All 3 units feature full set of stainless steel appliances, mechanical./storage room, separate high efficiency furnaces, tankless hot water tanks, 100 amp electrical panels, separate hydro meters and A/C. Plenty of parking with potential development at the rear of property. (Buyer to verify zoning details and permissions)
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Excellent opportunity for investors seeking a well-positioned, income-producing property in London's sought-after SOHO neighbourhood. This spacious home offers an attractive configuration of three units with a total of 6 bedrooms, 3 kitchens and 3 bathrooms, providing flexibility for rental accommodation and strong tenant appeal. Recent updates to one of the units include a modern kitchen and appliances, refreshed bathroom, flooring and paint, along with convenient in-suite laundry. The property also features a finished basement, 4 private parking spaces and a generous 44.5' x 197' lot with shared outdoor space. Practical features include gas forced-air heating, central air and separate hydro metering. Conveniently located close to downtown, University Hospital, public transit, shopping, parks and other amenities. A compelling opportunity for investors looking for a multi-unit property with excellent rental potential, parking and a highly convenient location. Please allow at least 24 hour's notice for all showing requests.
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