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CAONLondonWest London162 Mount Pleasant Ave
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162 Mount Pleasant Ave, London, ON

Real Estate

For Sale

$X
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826

MLS® X12378664

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2000 sqft
Garage No
Taxes $4,184
Days Active 105
Lot Size 
Approx. Age 
Avg. Price Per Sqft $499
MLS® Number X12378664

Property Address: 162 Mount Pleasant Ave, London, ON, N6H1E2

Average square foot calculated using Size range provided by listing agent.

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:58753)Show Description
MLS® NumberX12378664
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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162 Mount Pleasant Ave, London, ON

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