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$ 999,900
Est. payment /mo
New
162 Mount Pleasant AVE London North, ON N6H 1E2
8 Beds
2 Baths
2,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $499
Subdivision North N
MLS Listing ID X12378664
Bedrooms 8
Building Age 100+
Annual Tax Amount $4,184
Tax Year 2024
Property Sub-Type Investment
Property Description
Exceptional turn-key investment opportunity in a prime London location near both Downtown and Western University.This fully renovated triplex generates $91,800 in annual income with a net operating income of $74,648, reflecting a strong 7.5% cap rate.The property features three self-contained units: a 5-bedroom, 2.5-bath student rental (Unit A); a 1-bedroom, 1-bath lower-level unit rented to a professional couple (Unit B); and a vacant, detached 2-bedroom, 1-bath dwelling with private garage and workshop (Unit C), ideal for an owner occupier or to lease at top market rent. The units have been recently updated with modern finishes and functional layouts. Major mechanical upgrades include a new furnace, water heater, and air conditioner in Unit C (2024), and a new air conditioner for the main house (2025).Each unit has its own private yard, and the property sits on a large lot with ample parking and outdoor space. A rare opportunity to acquire a stabilized, low-maintenance asset with strong cash flow and future upside.
Location
Province ON
County Middlesex
Community North N
Area Middlesex
Zoning R2-2
Rooms
Kitchen 3
Interior
Cooling Yes
Inclusions 3x Fridge, 3x Stove, 3x Dishwasher, 2x Washing Machine, 2x Dryer, 2x Water Heater, 2x AC, 2x Furnace
Exterior
Utilities Available Yes
Lot Frontage 66.0
Lot Depth 188.0
Listed by A TEAM LONDON
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