42 Terrace St

London South, ON N5Z 2X4
  • $449,000

    Price
  • 3

    Bed
  • 2

    Bath
  • 1,100

    SqFt

About the Listing 411000 -

This licensed duplex offers the perfect setup for house hacking - live in one unit and let the rental income offset your mortgage. The spacious 2-bedroom main floor unit is vacant, move-in ready, and freshly updated with brand-new flooring throughout, a stylish accent wall with an electric fireplace, a frosted sliding barn door, and modern window coverings. It even features a new all-in-one washer/dryer and smart thermostat for added convenience. The main floor can also be sold fully furnished - complete with beds, couches, artwork, TV, and a security system - making this a true turnkey option.The upper bachelor unit and garage are already leased, providing steady income from day one. The basement has been professionally interior waterproofed and includes a new sump pump with warranty, offering peace of mind and potential for added value with future finishing.Located on a corner lot with two parking spaces, a large backyard, and close proximity to Victoria Hospital, transit, and major amenities, this property combines comfort, income potential, and smart ownership all in one.

Listing Highlights for 42 Terrace St

Status Active
Days on Site 1
Property Type Multi-Family
MLS ® X12503730
Year Built
Total Square Footage 1,100
Lot/Acreage 5000
County Middlesex
Neighborhood South I

Interior Details

  • Bedrooms: 3
  • Bathrooms: 2 Full
  • Appliances:
  • Air Cond:
  • Heating:
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement: Separate Entrance,Unfinished
  • Other: In-Law Capability,Storage
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Roof: Asphalt Shingle
  • Others:
  • Sewer: Sewer

Financial Details

  • Tax Amount: $2,682
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 083560025
  • Tax Year: 2025

Payment Calculator

Monthly Payment

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  • in Taxes
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Listing Location

Questions About..

42 Terrace St London South, ON N5Z 2X4

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