42 Terrace Street, London South (South I), Ontario N5Z 2X4 (29060956)
42 Terrace Street London South, Ontario N5Z 2X4
$429,000
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. (id:60297)
Property Details
| MLS® Number | X12503730 |
| Property Type | Multi-family |
| Community Name | South I |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 2 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 3 |
| BedroomsTotal | 3 |
| Appliances | Dryer, Two Stoves, Washer, Two Refrigerators |
| BasementDevelopment | Unfinished |
| BasementFeatures | Separate Entrance |
| BasementType | N/a, N/a (unfinished) |
| CoolingType | None |
| ExteriorFinish | Brick |
| FoundationType | Unknown |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1100 - 1500 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 40 Ft |
| SizeFrontage | 125 Ft |
| SizeIrregular | 125 X 40 Ft |
| SizeTotalText | 125 X 40 Ft |
| ZoningDescription | R2-2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Living Room | 5.46 m | 4.22 m | 5.46 m x 4.22 m |
| Second Level | Kitchen | 4.51 m | 2.41 m | 4.51 m x 2.41 m |
| Main Level | Living Room | 3.97 m | 3.76 m | 3.97 m x 3.76 m |
| Main Level | Kitchen | 4.52 m | 4 m | 4.52 m x 4 m |
| Main Level | Bathroom | 2.89 m | 2.71 m | 2.89 m x 2.71 m |
| Main Level | Bedroom | 2.89 m | 2.71 m | 2.89 m x 2.71 m |
| Main Level | Bedroom 2 | 2.98 m | 2.89 m | 2.98 m x 2.89 m |
| Ground Level | Other | 5.62 m | 2.35 m | 5.62 m x 2.35 m |
| Ground Level | Other | 3.97 m | 2.67 m | 3.97 m x 2.67 m |
https://www.realtor.ca/real-estate/29060956/42-terrace-street-london-south-south-i-south-i
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Taylor Ivany
Salesperson
Lara Cutler
Salesperson
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December 01 2025 09:52:23
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