42 Terrace Street, London South (South I) ON

About 42 Terrace Street

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:56071). Get more information on 42 Terrace Street

Property Features

Appliances:  Dryer, Two stoves, Washer, Two Refrigerators
Rental Equipment:  Water Heater
Directions:  Cross Streets: Josephine. ** Directions: Driving South on Adelaide, turn left onto Terrace St, the house is on the corner of Josephine on the left hand side.
Zoning Description:  R2-2
Interior Size:  1100 - 1500 sqft
Lot:  125 x 40 FT 125 x 40 FT
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / None
Age: 
Foundation: Unknown
Basement:  N/A, N/A (Unfinished) Unfinished

Rooms & Sizes

Living room Second level 5.46 m x 4.22 m	Kitchen Second level 4.51 m x 2.41 m	Living room Main level 3.97 m x 3.76 m
Kitchen Main level 4.52 m x 4 m	Bathroom Main level 2.89 m x 2.71 m	Bedroom Main level 2.89 m x 2.71 m
Bedroom 2 Main level 2.98 m x 2.89 m	Other Ground level 5.62 m x 2.35 m	Other Ground level 3.97 m x 2.67 m