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Amy J. Youngren

[email protected] +1(416) 624-8854

$ 999,900

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1267 Hillcrest AVE London East, ON N5Y 4N3

6 Beds

3 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision East A

MLS Listing ID X12328052

Style 2-Storey

Bedrooms 6

Building Age 51-99

Annual Tax Amount $2,187

Tax Year 2024

Property Sub-Type Triplex

Property Description

ATTENTION INVESTORS! This is the turnkey income property you've been waiting for. Fully permitted and completely vacant, this purpose-built triplex features three spacious 2-bedroom units with a projected gross annual income of $76,800+, yielding a 6.8% cap rate (NOI - $67,800). Situated on a quiet street just 5 minute drive from Fanshawe College and Kings College/University. it is also surrounded by amenities. This location offers strong rental demand and minimal vacancy risk, a perfect fit for your investment portfolio. With all three units vacant, you have the rare opportunity to hand-pick tenants and set market rents from day one. No detail was overlooked in this build: the striking exterior is finished with James Hardie board siding, black-framed windows, and a covered front porch for timeless curb appeal. Inside, each unit features luxury vinyl plank flooring both scratch-proof and waterproof, making it ideal for rental durability. Each unit is also thoughtfully designed with: A full set of stainless steel appliances, private mechanical/storage room, separate high-efficiency furnaces, Individual hot water tanks, 100-amp electrical panels, Separate hydro meters and 9-ft ceilings. Parking is a breeze with a large double wide driveway and additional development potential at the rear. This property falls just outside the "Near-Campus Neighborhood" zone, opening the door for a detached fourth unit in the backyard with no bedroom count maximum. Whether it's a garage with a coach house above or a larger standalone garden suite, the options are there to further maximize your ROI. (Buyer to verify zoning details and permissions). ask the listing agent for more details. Don't miss out on this high-performing asset with immediate income and a future development opportunity out back.

Location

Province ON

County Middlesex

Community East A

Area Middlesex

Zoning r1-6

Rooms

Family Room No

Basement Apartment, Finished

Kitchen 3

Separate Den/Office 2

Interior

Interior Features Accessory Apartment, In-Law Suite, In-Law Capability, Sump Pump, Water Heater, Guest Accommodations

Cooling Central Air

Inclusions 3 X Refrigerators, 3 X Stoves, 3 X Washers, 3 X Dryers and 3 X Dishwashers.

Exterior

Exterior Feature Porch

Parking Features Private Double

Pool None

Roof Type Asphalt Shingle

Lot Frontage 63.72

Lot Depth 140.09

Total Parking Spaces 6

Building

Foundation Concrete

Others

Senior Community No

Listed by SAKER REALTY CORPORATION

Amy J. Youngren

Sales Representative

+1(416) 624-8854

Amy J. Youngren

1267 Hillcrest AVE London East, ON N5Y 4N3

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1267 Hillcrest AVE

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