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42 Terrace St

Terrace St, Chelsea Green, London, ON, N5Z 2X4

3
Beds
2
Baths
$449,900
List Price
Details
Photos
43
Comparables
History
42 Terrace St, London, ON - 1 of 3
42 Terrace St, London, ON - 2 of 3
42 Terrace St, London, ON - 3 of 3
50 days on market

This licensed duplex is a fantastic opportunity for investors or homeowners looking to offset their mortgage! The vacant 2-bedroom main floor unit is move-in ready, making it perfect for a house hack or a mortgage helper. The upper bachelor unit is already leased, providing steady rental income.The unfinished basement offers excellent... Show More

This licensed duplex is a fantastic opportunity for investors or homeowners looking to offset their mortgage! The vacant 2-bedroom main floor unit is move-in ready, making it perfect for a house hack or a mortgage helper. The upper bachelor unit is already leased, providing steady rental income.The unfinished basement offers excellent potential to increase value, with great ceiling height, a separate walkout, and a spacious layout. Whether you expand the main unit's living space, provide additional tenant storage, or install a coin-operated laundry for extra income, the options are there.Additional perks include a large shed that has previously been rented out for extra revenue. Recent updatesdeck repairs, fresh paint in the main unit, a new vanity, toilet, and bathroom windowensure the property is well-maintained and move-in ready.Located on a corner lot with two parking spaces and a generous backyard, this duplex is minutes from Victoria Hospital, public transit, and key amenities. Don't miss this chance to own a turnkey home with rental income potential!

Property Details

Size

Sq. Ft. Not Available
3 Beds
3 Above Grade
2 Baths

Parking

2 Parking Spaces
-

Lot

Size
125′0″ * 40′0″
Acres
-

Build

Year Built
-
Model Name
-
Basement
Unfinished, Separate Entrance
Exterior
Brick
Foundation
Unknown
Builder Name
-
Stories
-
Flooring
-
Roof
Asphalt Shingle

Heating & Cooling

Heating
Forced Air
Cooling
None

Utilities

Water
-
Sewer
Sewer
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2024-01-01
Property Tax Amount
$2,517

Source

Listing Brokerage

MLS® Listing
X11976341
Last Updated
March 27, 2025
Brokerage
BLUE FOREST REALTY INC.
Call us 800-591-0566

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