London East N6B 2W4 Ontario
MLS: X12033299
Added 29 days ago | For Sale
Listed by: EXP REALTY
Nestled in Historic Downtown Woodfield (2016 Winner of Great Places in Canada Award) sits this 19th century cottage charmer style home. Full of history, this newly renovated multi-generational home sits on a huge lot with one of the largest backyards on the street that features a row of fully mature lilac bushes, an outdoor living space with gas hookup, huge gardens and two driveways with space for up to three cars, making navigating multi-family life a breeze. Lord Roberts Public School and London Central Secondary School are within walking distance making this a perfect family home featuring 3 spacious bedrooms, two bathrooms, a full kitchen, kitchenette and laundry in the back as well as a full in-law or guest suite in the front featuring a huge front porch and the option for laundry in the basement. The home also features a legal 2 bedroom upper apartment w/ separate entrance and dedicated laneway; newly rented at $1610 a month inclusive of utilites for August 1st, 2025. The rear lower three bed and two bath unit with in suite laundry is also newly rented generating $3250 a month inclusive of utilities for August 1st, 2025. Currently there is flexibility as the front main level one bedroom unit is vacant; making for an ideal owner occupied property. This unit is projected for rent at $1475 inclusive of utilities. This makes this a prime oppuruntity for a family or investor to reside in this spacious unit and generate two other income sources with the rental of the other two unit. This also present a prime opportunity for a multigenerational family to share this property. With projected rents of $6,435 a month with all three units rented; with an annual projected rental income of $76,020 and net operating income of $57,155; this prime location triplex is operating at an projected 8.3% Cap Rate at asking price. This spacious lot also offers ample room to add an additional stand alone garden suite unit in the future.
Level | Type | Features | Dimensions |
---|---|---|---|
Main | Living Room | 9 ft, 11 in x 10 ft, 10 in | |
Kitchen | 11 ft, 5 in x 14 ft, 1 in | ||
Primary Bedroom | 15 ft, 3 in x 13 ft, 4 in | ||
Bedroom | 10 ft, 10 in x 7 ft, 11 in | ||
Bedroom | 11 ft, 5 in x 12 ft, 6 in | ||
Mud Room | 3 ft, 11 in x 13 ft, 3 in | ||
Living Room | 14 ft, 5 in x 12 ft, 11 in | ||
Primary Bedroom | 14 ft, 5 in x 8 ft, 4 in | ||
Upper | Living Room | 14 ft, 6 in x 10 ft, 1 in |
No property rooms available.