$499,900
FOR SALE

Triplex

Bedrooms: 4Bathrooms: 3Lot: 40 x 120 ft

140 Rectory Street
London, ON N5Z 2A3

Amazing triplex in the heart of London, close to Downtown & tons of amenities. This great investment opportunity offers ample parking, fenced backyard, separate hydro meters, separate entrances to each of the units and parking on both sides of the property. Unit 1 is a 1 bedroom + den and pays $745.94 monthly and is currently month to month. Unit 2 is a one bedroom + den that pays $783.00 monthly and is month to month. Unit 3 is a two bedroom that pays $1750.00 monthly and is currently leased until January 2025. None of the units are in the basement! Zoning permits an ADU, providing even greater potential and revenue opportunities. This property is a great addition to your existing portfolio or for someone looking to purchase their first investment property. Don't wait; check out this amazing opportunity today! (id:47421)
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Listed By THRIVE REALTY GROUP INC.
Data Provided By London and St. Thomas Association of REALTORS®
MLS® Listing Number 40569033
Last Updated Apr 19, 2024
Property Summary
Property Type Triplex

More like this:
Subdivision East L
Price History

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Detailed Information
Bedrooms 4
Bathrooms 3
Lot 40 x 120 ft
Amenities Nearby Place of Worship, Public Transit, Schools, Shopping
Features Crushed stone driveway
Listing Contract Date 2024-04-16
Location Description Head north on Rectory street from Hamilton Road, Property is on East side just past Van Street.
Ownership Type Freehold
# of Parking Spaces 5
Property Type Multi-family
Transaction Type For sale
Zoning Description R2-2
Building
Basement Development Unfinished
Basement Type Partial (Unfinished)
Cooling Type None
Exterior Finish Vinyl siding
Heating Fuel Natural gas
Stories Total 2
Type Triplex
Utility Water Municipal water
Land
Total Size under 1/2 acre
Amenities Place of Worship, Public Transit, Schools, Shopping
Sewer Municipal sewage system

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