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Eric Cassidy

eric@cassidyrealestate.ca +1(519) 871-4536

$ 1,299,900

Est. payment -/mo

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3857 Petalpath WAY London South, ON N6P 1H5

7 Beds

6 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision South V

MLS Listing ID X13033776

Style 3-Storey

Bedrooms 7

Annual Tax Amount $7,828

Tax Year 2025

Property Sub-Type Triplex

Property Description

INVESTORS DREAM PROPERTY! CITY OF LONDON LICENSED TRIPLEX! Possible 6%+ CAP RATE -estimated $85,740 in gross yearly income. RARE investment opportunity in the heart of a vibrant new subdivision! This immaculate Triplex boasts over 4,000 SF of finished modern living space, designed for ultimate convenience and low maintenance living. Each unit within this triplex offers its own unique blend of comfort and style. The main floor suite features 2 bedrooms, 2 full baths, and seamless garage access for added convenience. On the upper level, you'll find 3 bedrooms, 2 full baths, and the cozy ambiance of an electric fireplace. Downstairs, the lower suite mirrors the main floor with 2 bedrooms, 2 full baths, and another inviting electric fireplace. With separate metering for gas and hydro for each unit, tenants enjoy autonomy over their utilities. Whether you're envisioning long-term tenants or exploring the lucrative realm of short-term rentals like Airbnb, this property is a true money maker. Inside each unit, in-suite laundry facilities ensure maximum convenience, while generously sized bedrooms provide ample space for relaxation. With a layout that allows the main floor and lower level to function as one large unit if desired, the possibilities are endless. Situated just moments away from the junction of highways 401 and 402, commuting is a breeze, making this property an ideal choice for tenants seeking accessibility. Plus, you're never far from everyday essentials with shopping, restaurants, banks, schools, and grocery stores all within easy reach. Whether you're an astute investor seeking a reliable income stream or an owner-occupier looking to offset mortgage costs by renting out additional units, this triplex offers the perfect blend of versatility and profitability. Don't miss out on this exceptional opportunity to secure your slice of real estate success! Schedule your viewing today. *Leases and Fire inspection report available upon request.

Location

Province ON

County Middlesex

Area Middlesex

Zoning R1-3(23)

Rooms

Family Room Yes

Basement Full, Finished, Separate Entrance, Apartment

Kitchen 3

Separate Den/Office 2

Interior

Interior Features Auto Garage Door Remote, Carpet Free, ERV/HRV, Floor Drain, On Demand Water Heater, Separate Heating Controls, Separate Hydro Meter, Sump Pump

Cooling Central Air

Fireplaces Number 2

Fireplaces Type Electric

Inclusions (3) Fridges, (3) Stoves, (3) Dishwashers, (3) Microwaves, (3) Washers, (3) Dryers, Garage Door Opener

Exterior

Exterior Feature Deck, Porch

Parking Features Private

Garage Spaces 1.0

Pool None

Roof Type Shingles

Lot Frontage 36.19

Lot Depth 109.56

Total Parking Spaces 3

Building

Building Age 0-5

Foundation Concrete

Others

Senior Community Yes

ParcelsYN No

Listed by CENTURY 21 FIRST CANADIAN CORP. DEAN SOUFAN INC.

GET MORE INFORMATION

+1(519) 871-4536

eric@cassidyrealestate.ca

https://www.cassidyrealestate.ca

145 Wharncliffe Rd S, London, ON, N6J 2K4, CAN