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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26008228
Construction Status Approximate
Year Built 1900
Annual Tax Amount $3,843
Tax Year 2025
Property Sub-Type Triplex
Source WESC
Property Description
Turnkey cash-flowing Triplex with strong income potential, solid cash flow, and attractive NOI. Positioned on a premium lot backing onto the Thames River, this well-maintained property offers multiple income streams, redevelopment upside, and flexible future use options. Currently configured as three separate units. The main floor features a well-appointed 2-bedroom plus bonus room unit generating $1,554 per month all inclusive. The upper unit is spacious and offers additional untapped square footage on a third level, presenting clear value-add potential, currently renting for $868 plus hydro and gas. The basement unit has been recently updated with new carpet and fresh paint, is currently vacant, and provides immediate upside for rent optimization (previously rented for $1,083). Projected annual gross income of approximately $42,060. Estimated annual expenses between $12,000–$16,000, resulting in an approximate NOI of $26,000. New roof installed May 2025. Minimum 24 hours notice required for all showings. Strong investment fundamentals with immediate income, upside potential, and long-term growth opportunity. Opportunities like this in a prime riverfront setting and flexible zoning are limited. Secure your position in this asset today before it is gone.
Location
Province ON
Zoning UC (HC1)
Interior
Heating Central Air Conditioning, Furnace, Other, See Remarks
Cooling Central Air Conditioning, Furnace, Other, See Remarks
Flooring Cushion or Lino or Vinyl, Hardwood or Engineered Hrwd, Laminate
Exterior
Roof Type Asphalt Shingle
Building
Foundation Block, Concrete
Sewer Sanitary
Construction Status Approximate
Listed by NEST REALTY INC.
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