12 Cartwright Street London, Ontario N6B 2W4

$688,000

Nestled in Historic Downtown Woodfield (2016 Winner of Great Places in Canada Award) sits this unassuming 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 inlaw 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. Currently there is flexibility as the front main level one bedroom unit are vacant; making for an ideal owner occupied property. The rear lower three bed and two bath unit with in suite laundry is currently rented to a lovely family at $1999 a month. With rents of $5184 a month with all three units rented; with an annual rental income of $62,208; this prime location triplex is operating at an actual 6% Cap Rate at asking price. This spacious lot also offers ample room to legally add an additional stand alone garden suite unit; in full compliance with the City of London's additional dwelling unit directions. (id:41954)

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https://www.realtor.ca/real-estate/28055199/12-cartwright-street-london