Address: 162 MOUNT PLEASANT AVENUE, London North (North N) FOR SALE Postal Code: N6H1E2 Style: Type: Multi-family Triplex Bedrooms: 8 Bathrooms: 5 Bedrooms Aboveground: 7 Bedrooms Belowground: 1 Parking: Attached Garage Garage: Attached Garage Lot Size: 66 ft x 188 ft Property Size: 66 x 188 FT Stories: 1.5
About 162 Mount Pleasant Avenue
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:56071). Get more information on 162 Mount Pleasant Avenue
Property Features
Appliances: Water Heater, Dishwasher, Dryer, Stove, Refrigerator Rental Equipment: Directions: Riverside & Wharncliffe Zoning Description: R2-2 Interior Size: 1500 - 2000 sqft Fence: Fenced yard Community Features: Community Centre Amenities: Fireplace(s) Lot: 66 x 188 FT|under 1/2 acre 66 x 188 FT Exterior Finish: Vinyl siding Water: Municipal water, Sanitary sewer Heating / Cooling: Natural gas / Central air conditioning Age: 100+ years Foundation: Block Basement: N/A
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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