162 Mount Pleasant Ave

For Sale 47 Days
$999,900
8 beds
2 baths
2,000 Sqft

162 Mount Pleasant Ave

For Sale 47 Days
$999,900
8 beds
2 baths
2,000 Sqft

Highlights

Key insights

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. (id:63267)

NICK JAREMKO of A TEAM LONDON,
#X12378664
updated 6 days ago.
Houseful checked MLS® for data 6 days ago.

Home overview

Amenities / Utilities
  • Cooling
    Fully air conditioned
  • Heat source
    Natural gas
  • Heat type
    Forced air
Exterior
  • # parking spaces
    6
Interior
  • # full baths
    2
  • # total bathrooms
    2.0
  • # of above grade bedrooms
    8
Location
  • Subdivision
    North n
  • Directions
    1569309
Overview
  • Lot size (acres)
    0.0
  • Building size
    2000
  • Listing #
    X12378664
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28808547/162-mount-pleasant-avenue-london-north-north-n-north-n
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-2,666

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25 Years fixed, 20% down payment, % interest
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