49 Terrace St, London

Fully licenced purpose-built Triplex between downtown and Victoria Hospital. Currently under-rented with tremendous upside potential. Nearly $50,000 has gone into renovations over the past 3 years, including new furnace, owned water heater, electrical, plumbing, flooring, drywall, insulation, bathroom & kitchen upgrades, & more! Upper 2-bedroom unit is currently owner occupied, and will stay on as a tenant @ $800/mo + hydro until a new home is found. Main-floor 2-bedroom unit is paying $731/mo + Hydro. Lower Level 1-bedroom unit could be converted to a 2-bedroom using the adjoining storage/other room (furnace & water heater were recently moved to accommodate this); current tenant paying $621 all inclusive. All units separately metered. Good clean tenants who don’t miss rent + low maintenance fees due to recent renovations + greater rent potential + easy to rent location = Can’t Be Beat! Call today!