$ 688,000
-
$688,000
Price -
6
Bed -
4
Bath -
1,500
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing 285427 -
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.
Listing Highlights for 12 Cartwright St
Status
Active
Days on Site
174
Property Type
Multi-Family
MLS ®
X12033299
Year Built
Total Square Footage
1,500
Lot/Acreage
0.13
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central Air
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Walk-Up,Unfinished
- Other: Water Heater Owned,Accessory Apartment,In-Law Suite,Primary Bedroom - Main Floor,Separate Hydro Meter,Upgraded Insulation
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Asphalt Shingle
- Others: Landscaped,Lighting,Porch Enclosed,Porch,Year Round Living,Deck
- Sewer: Sewer
Financial Details
- Tax Amount: $5,002
- Taxes w/Assessments: N/A
- Tax/Property ID: 082720038
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
12 Cartwright St London East, ON N6B 2W4
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of
