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

17 Carfrae Cres, London South, Ontario N6C 4A8

Townhouse
6 + 1
3
~1500-2000 sqft
$1,100,000
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Townhouse
6 + 1
3
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$642/sqft

Est. Mortgage$4,724/mo

Tax Amount (2024)$5,537/yr

Days On Market25 days


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
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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%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget