42 Terrace Street For Sale

London, South I, N5Z 2X4

$479,000

Description

Listed by BLUE FOREST REALTY INC..

This licensed duplex provides steady income with a rented 2-bedroom unit on the main floor, a bachelor unit upstairs, and an unfinished basement offering potential for additional living space or even an extra unit. The basement has excellent ceiling height and a walkout to the spacious backyard. The property also benefits from additional rental income with a large shed that is already rented out. Recent updates include deck repairs, fresh paint in the main unit, a new vanity, a new toilet, and a new bathroom window. The property offers two parking spots and is situated on a corner lot with a large backyard. Located near Victoria Hospital in the heart of London's vibrant Chelsea Green neighbourhood, this property is surrounded by a strong community atmosphere making it an ideal investment opportunity.

Location

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  • Address: 42 Terrace Street
  • Neighborhood: South I
  • City: London
  • State: Ontario
  • Postal Code: N5Z 2X4

Property Details

  • Property ID: X8448924
  • Property Price: $479,000
  • Style: Duplex, 1 1/2 Storey
  • Rooms: 8
  • Bedrooms: 3
  • Bath: 2
  • Parking Spaces: 2
  • Basement: Full, W/O
  • Den: Y
  • Exterior: Brick, Vinyl Siding
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $2,337.87 (2023)
  • Lot: 125.00x40.00 (Feet)

Room details and dimensions

Statistics for similar Duplex homes in South I

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Duplex homes in South I

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Duplex homes in South I

Property History

This property has been sold 4 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100

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