162 Mount Pleasant Avenue London North (North N), Ontario N6H 1E2
$999,900
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:41954)
Property Details
| MLS® Number | X12377928 |
| Property Type | Multi-family |
| Community Name | North N |
| Amenities Near By | Park, Public Transit |
| Community Features | Community Centre |
| Parking Space Total | 8 |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 7 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 8 |
| Age | 100+ Years |
| Amenities | Fireplace(s) |
| Appliances | Water Heater, Dishwasher, Dryer, Stove, Refrigerator |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1500 - 2000 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Park, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 188 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 66 X 188 Ft |
| Size Total Text | 66 X 188 Ft|under 1/2 Acre |
| Zoning Description | R2-2 |
https://www.realtor.ca/real-estate/28806876/162-mount-pleasant-avenue-london-north-north-n-north-n
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September 03 2025 09:23:45
London and St. Thomas Association of REALTORS®
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