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$1,299,900

Est. payment - /mo

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7 Beds

6 Baths

Active

3867 PETALPATH WAY London, ON N6P 1H5

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Kenneth Yim

ken@broadviewavenue.ca +1(416) 651-5653

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision South V

MLS Listing ID X12034378

Style 3-Storey

Bedrooms 7

Building Age 0-5

Annual Tax Amount $7,441

Tax Year 2024

Property Sub-Type Triplex

Lot Depth 131.57

Lot Front 34.32

Property Description

INVESTORS DREAM PROPERTY! BRAND NEW! CITY OF LONDON APPROVED TRIPLEX! Possible 7%+ CAP RATE -estimated $90,000 in gross yearly income. RARE investment opportunity in the heart of a vibrant new subdivision! This immaculate Triplex boasts 4,022 SF of finished modern living space, designed for ultimate convenience and low maintenance living. Each unit within this triplex offers its own unique blend of comfort and style. The main floor suite features 2 bedrooms, 2 full baths, and seamless garage access for added convenience. On the upper level, you'll find 3 bedrooms, 2 full baths, and the cozy ambiance of an electric fireplace. Downstairs, the lower suite mirrors the main floor with 2 bedrooms, 2 full baths, and another inviting electric fireplace. With separate metering for gas and hydro for each unit, tenants enjoy autonomy over their utilities. Whether you're envisioning long-term tenants or exploring the lucrative realm of short-term rentals like Airbnb, this property is a true money maker. Inside each unit, in-suite laundry facilities ensure maximum convenience, while generously sized bedrooms provide ample space for relaxation. With a layout that allows the main floor and lower level to function as one large unit if desired, the possibilities are endless. Situated just moments away from the junction of highways 401 and 402, commuting is a breeze, making this property an ideal choice for tenants seeking accessibility. Plus, you're never far from everyday essentials with shopping, restaurants, banks, schools, and grocery stores all within easy reach. Whether you're an astute investor seeking a reliable income stream or an owner-occupier looking to offset mortgage costs by renting out additional units, this triplex offers the perfect blend of versatility and profitability. Don't miss out on this exceptional opportunity to secure your slice of real estate success! Schedule your viewing today. NOTE: PHOTOS ARE FROM A PREVIOUS BUILD AND FOR ILLUSTRATION PURPOSES ONLY.

Location

Province ON

County Middlesex

Community South V

Area Middlesex

Zoning R1-3(23)

Rooms

Family Room Yes

Basement Apartment, Separate Entrance

Kitchen 3

Separate Den/Office 2

Interior

Interior Features Auto Garage Door Remote, Carpet Free, ERV/HRV, Floor Drain, On Demand Water Heater, Separate Heating Controls, Separate Hydro Meter, Sump Pump

Cooling Central Air

Fireplaces Number 2

Fireplaces Type Electric

Inclusions Garage Door Opener, Smoke Detector, Microwave

Exterior

Exterior Feature Deck, Porch

Parking Features Private

Garage Spaces 1.0

Pool None

Roof Type Shingles

Lot Frontage 34.32

Lot Depth 131.57

Total Parking Spaces 3

Building

Foundation Concrete

Others

Senior Community Yes

ParcelsYN No

Listed by CENTURY 21 FIRST CANADIAN CORP. DEAN SOUFAN INC.

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Kenneth Yim

Broker of Record | License ID: 9524831

+1(416) 651-5653

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