Address: 1267 HILLCREST AVENUE, London East (East A) FOR SALE Postal Code: N5Y4N3 Style: Type: Multi-family Triplex Bedrooms: 6 Bathrooms: 3 Bedrooms Aboveground: 4 Bedrooms Belowground: 2 Parking: No Garage Garage: No Garage Lot Size: 63 ft ,8 in x 140 ft ,1 in Property Size: 63.7 x 140.1 FT Stories: 2
About 1267 Hillcrest Avenue
ATTENTION INVESTORS! This is the turnkey income property you ve been waiting for. Fully permitted and completely vacant, this purpose-built triplex features three spacious 2-bedroom units with a projected gross annual income of $76,800+, yielding a 6.8% cap rate (NOI - $67,800). Situated on a quiet street just 5 minute drive from Fanshawe College and Kings College/University. it is also surrounded by amenities. This location offers strong rental demand and minimal vacancy risk, a perfect fit for your investment portfolio. With all three units vacant, you have the rare opportunity to hand-pick tenants and set market rents from day one. No detail was overlooked in this build: the striking exterior is finished with James Hardie board siding, black-framed windows, and a covered front porch for timeless curb appeal. Inside, each unit features luxury vinyl plank flooring both scratch-proof and waterproof, making it ideal for rental durability. Each unit is also thoughtfully designed with: A full set of stainless steel appliances, private mechanical/storage room, separate high-efficiency furnaces, Individual hot water tanks, 100-amp electrical panels, Separate hydro meters and 9-ft ceilings. Parking is a breeze with a large double wide driveway and additional development potential at the rear. This property falls just outside the "Near-Campus Neighborhood" zone, opening the door for a detached fourth unit in the backyard with no bedroom count maximum. Whether it s a garage with a coach house above or a larger standalone garden suite, the options are there to further maximize your ROI. (Buyer to verify zoning details and permissions). ask the listing agent for more details. Don t miss out on this high-performing asset with immediate income and a future development opportunity out back. (id:56071). Get more information on 1267 Hillcrest Avenue
Property Features
Appliances: Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator Features: Guest Suite, Sump Pump, In-Law Suite Rental Equipment: Water Heater Directions: Highbury & Huron Zoning Description: r1-6 Interior Size: 1500 - 2000 sqft Lot: 63.7 x 140.1 FT 63.7 x 140.1 FT Exterior Finish: Hardboard Water: Municipal water, Sanitary sewer Heating / Cooling: Natural gas / Central air conditioning Age: 51 to 99 years Foundation: Concrete Basement: N/A (Finished) Finished
Rooms & Sizes
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John DiRenzo
Sales Representative RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.
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FOR SALE
NEW LISTING
FOR SALE