Home with brick exterior material, street for 17 Carfrae Cres, London South Ontario N6C 4A8
1 day on Market

17 Carfrae Cres, London South, Ontario N6C 4A8

Townhouse
6 + 1
3
~1500-2000 sqft
$1,100,000
Get pre-qualifiedPowered by Neo Mortgage
Townhouse
6 + 1
3
~1500-2000 sqft

Contact us about this property

Call

Highlights

Estimated ValueNot available

Price/Sqft$642/sqft

Est. Mortgage$4,724/mo

Tax Amount (2024)$5,537/yr

Days On Market1 day


Description

Solid Brick Triplex in the Heart of Old South- Turnkey Investment Opportunity. Welcome to this beautifully renovated solid brick triplex nestled in one of London's most sought-after neighbourhoods-Old South. Fully modernized from top to bottom, this income-generating property is the perfect blend of timeless charm and contemporary updates. Each of the three self-contained units has been thoughtfully upgraded and comes complete with five new appliances (2022) per unit, offering exceptional convenience for tenants. With an active rental license in place with the City of London, this is a fully compliant and ready-to-go investment. The newly constructed read deck and staircase (2023) are not only structurally sound but provide additional outdoor space and safe access for upper units. Two new heat pumps installed in 2023 ensure energy-efficient heating and cooling throughout the property, keeping utility costs low. Plus, the property features four separate hydro meters, making tenant utility management simple and transparent. Currently grossing over $64,000 annually, this triplex offers strong cash flow with room for growth. Whether you're looking to expand your portfolio or live in one unit while renting the others, this is a rare opportunity in a prime location. Don't miss your chance to own a beautifully updated, fully licensed triplex in Old South-steps from Wortley Village, parks, shops, and transit.


Property Details

Style2-Storey
View-
Age of property51-99
SqFt~1500-2000 SqFt
Lot Size4,059 SqFt(123 x 33)
Parking Spaces4
MLS ®NumberX12126523
Community NameSouth London
Data SourceTRREB
Listing byCENTURY 21 FIRST CANADIAN CORP

Features

Heating: Baseboard
Cooling: Other
Fireplace
Basement: Sep Entrance, Full

Features

Lot size: 4,059 SqFt

Parking

Garage spaces 1

Garage type None

Other parking spaces 3

Total parking spaces 4


Property listed by CENTURY 21 FIRST CANADIAN CORP, Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

Market Data - South London

Geo Zone Map ThumbnailSouth London

Buyer's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

25 days

Compared to

2024

15 days

2023

25 days

2022

0 day

New Listings

Past 30 days

3 listings

Compared to

2024

2 listings

2023

0 listing

2022

2 listings

Units sold

Past 30 days

2 units

Compared to

2024

1 unit

2023

1 unit

2022

0 unit

Median Sold Price

Past 30 days

$869,950

Compared to

2024

$587,500

2023

$984,000


Population and Demographics

Overview

Total population 14566
Average household income $107,372

Age (%)

20 to 34
26%
50 to 64
21%
35 to 49
20%
65 and plus
18%
0 to 19
16%

Household composition (%)

Single person
50%
Single family
44%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
91%
Others
3%
Spanish
2%
French
1%
Arabic
1%

House tenancy (%)

Renters
60%
Owners
40%

Schools and amenities

Estimated Budget