42 Terrace Street, London | Image 1

42 Terrace Street

London, South I

  • 3 bed 2 bath
$449,900 est.*: $1,524/mo
For Sale

Added 2 months ago

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  • Type: Duplex

  • Style: 1 1/2 Storey

  • Lot Size: 125 x 40 Feet

  • Age: No Data

  • Taxes: $2,517 per year

  • Days on Site: 8 Days

  • Added: Feb 18, 2025 (2 months ago)

  • Updated:

  • Last Checked: 1 month ago

  • MLS®#: X11976341

  • Listed By: Blue forest realty inc.

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!

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Property

  • Status: Sale

  • Property Type: Duplex

  • Style: 1 1/2 Storey

  • Area: London

  • Community: South I

  • Assessment Amount: $2,517

  • Assessment Year: 2024

Inside

  • Bedrooms: 3

  • Bathrooms: 2

  • Kitchens: 2

  • Rooms: 12

  • Den/Family Room: No

  • Air Conditioning: None

  • Fireplace: No

  • Central Vacuum: N

  • Washrooms: 2

Building

  • Basement: Sep Entrance

  • Basement 2: Unfinished

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Brick

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Garage Type: None

  • Covered Parking Spaces: 1

  • Total Parking Spaces: 2

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT 22 BLK G PLAN 437 CITY OF LONDON

  • Taxes: $2,517

Land

  • Cross Street: Josephine

  • Municipality District: London

  • Fronting On: East

  • Parcel Number: 083560025

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 40 Feet

  • Lot Frontage: 125 Feet

  • Zoning: R2-2

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Somewhat Walkable

  • Some errands can be accomplished on foot.
68 /100

Some Transit

  • Most errands require a car.
49 /100

Very Bikeable

  • Most errands can be accomplished on bike.
74 /100
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Map of 42 Terrace Street, London
JK-8

Holy Rosary Separate School

Elementary: Catholic
0.95 km
JK-8

Trafalgar Public School

Elementary: Public
1.12 km
JK-8

Aberdeen Public School

Elementary: Public
1.02 km
4-8

Lester B Pearson School for the Arts

Elementary: Public
0.66 km
JK-8

St. John French Immersion School

Elementary: Catholic
0.95 km
JK-8

Princess Elizabeth Public School

Elementary: Public
0.64 km
9-12

G A Wheable Secondary School

Secondary: Public
0.38 km
9-12

B Davison Secondary School Secondary School

Secondary: Public
0.57 km
9-12

London South Collegiate Institute

Secondary: Public
1.63 km
9-12

London Central Secondary School

Secondary: Public
2.40 km
9-12

Catholic Central High School

Secondary: Catholic
2.00 km
9-12

H B Beal Secondary School

Secondary: Public
1.77 km

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