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London North, ON N6H 1E2,162 Mount Pleasant AVE
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London North, ON N6H 1E2,162 Mount Pleasant AVE
London North, ON N6H 1E2,162 Mount Pleasant AVE
London North, ON N6H 1E2,162 Mount Pleasant AVE
London North, ON N6H 1E2,162 Mount Pleasant AVE
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 999,900
Est. payment /mo
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Active

162 Mount Pleasant AVE London North, ON N6H 1E2

8 Beds

2 Baths

2,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $499

Subdivision North N

MLS Listing ID X12378664

Bedrooms 8

Building Age 100+

Annual Tax Amount $4,184

Tax Year 2024

Property Sub-Type Investment

Lot Depth 188.0

Lot Front 66.0

Property Description

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.

Location

Province ON

County Middlesex

Community North N

Area Middlesex

Zoning R2-2

Rooms

Kitchen 3

Interior

Cooling Yes

Inclusions 3x Fridge, 3x Stove, 3x Dishwasher, 2x Washing Machine, 2x Dryer, 2x Water Heater, 2x AC, 2x Furnace

Exterior

Utilities Available Yes

Lot Frontage 66.0

Lot Depth 188.0

Listed by A TEAM LONDON
Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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162 Mount Pleasant AVE

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