Home with brick exterior material, street for 42 Terrace St, London South Ontario N5Z 2X4
Re-listed 5 days ago

42 Terrace St, London South, Ontario N5Z 2X4

Townhouse
3
2
~1100-1500 sqft
$•••,•••
$429,000
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Townhouse
3
2
~1100-1500 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$338/sqft

Est. Mortgage$1,842/mo

Tax Amount (2024)$2,517/yr

Days On Market5 days

Total Days On Market102 days


Description

Fantastic Opportunity for First-Time Buyers or Investors! This licensed duplex offers the ideal setup for house hacking or easing your monthly expenses. The spacious 2-bedroom main floor unit is vacant and move-in ready, making it perfect for homeowners looking to live in one unit while earning rental income from the already tenanted upper bachelor unit. The unfinished basement boasts great ceiling height, a separate walkout, and a flexible layout ideal for expanding the main units living space, offering tenant storage, or adding coin-operated laundry for supplemental income. Other highlights include a large backyard, a corner lot with two parking spaces, and a shed that has previously generated extra rental income. Recent updates such as deck repairs, fresh paint in the main unit, a new vanity, toilet, and bathroom window add to the homes appeal and readiness. Located just minutes from Victoria Hospital, public transit, and major amenities, this is a smart choice for anyone looking to step into real estate ownership with rental support from day one.


Property Details

Style1 1/2 Storey
View-
Age of property-
SqFt~1100-1500 SqFt
Lot Size5,000 SqFt(40 x 125)
Parking Spaces2
MLS ®NumberX12173399
Community NameGlen Cairn
Data SourceTRREB
Listing byBLUE FOREST REALTY INC.

Features

Heating: Forced Air
Basement: Sep Entrance, Unfinished

Features

Lot size: 5,000 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
5 days on market
history photo preview43
Listing by trreb®
Property listed by BLUE FOREST REALTY INC., Brokerage
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Market Data - Glen Cairn

Geo Zone Map ThumbnailGlen Cairn

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2024

0 day

2023

37 days

2022

7 days

New Listings

Past 30 days

2 listings

Compared to

2024

3 listings

2023

0 listing

2022

2 listings

Units sold

Past 30 days

0 unit

Compared to

2024

0 unit

2023

1 unit

2022

6 units

Median Sold Price

Past 30 days

$0

Compared to

2023

$685,000

2022

$549,050


Population and Demographics

Overview

Total population 16270
Average household income $88,351

Age (%)

0 to 19
25%
50 to 64
21%
20 to 34
20%
35 to 49
19%
65 and plus
16%

Household composition (%)

Single family
63%
Single person
31%
Multi person
5%
Multi family
1%

Mother tongue (%)

English
81%
Spanish
4%
Arabic
4%
Others
3%
Polish
2%
Portuguese
2%
Italian
1%

House tenancy (%)

Owners
62%
Renters
38%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget