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162 MOUNT PLEASANT AVENUE
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162 MOUNT PLEASANT AVENUE $999,900
$999,900
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162 MOUNT PLEASANT AVENUE
London North (North N), Ontario N6H1E2

MLS® Number: X12377928
7 + 1
Bedrooms
5
Bathrooms
1500 - 2000
Square Feet

Listing 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. (41184804)

Location Description

Cross Streets: Riverside & Wharncliffe. ** Directions: Head West onto Mount Pleasant Ave From Wharncliffe Rd.

Property Summary

Property Type
Multi-family
Building Type
Triplex
Storeys
1.5
Square Footage
1500 - 2000 sqft
Community Name
North N
Land Size
66 x 188 FT|under 1/2 acre
Age Of Building
100+ years
Annual Property Taxes
$4,184
Parking Type
Attached Garage, Garage
Time on REALTOR.ca
102 days

Building

Bedrooms
Above Grade
7
Below Grade
1
Bathrooms
Total
5
Partial
1
Interior Features
Appliances Included
Water Heater, Dishwasher, Dryer, Stove, Refrigerator
Basement Features
Apartment in basement
Building Features
Foundation Type
Block
Building Amenities
Fireplace(s)
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Vinyl siding
Neighbourhood Features
Community Features
Community Centre
Amenities Nearby
Park, Public Transit
Parking
Parking Type
Attached Garage, Garage
Total Parking Spaces
8

Measurements

Square Footage
1500 - 2000 sqft

Land

Lot Features
Fencing
Fenced yard
Frontage
66 ft
Land Depth
188 ft
Other Property Information
Zoning Description
R2-2
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519-852-6012
519-852-6012
Email
A TEAM LONDON
Brokerage
470 COLBORNE STREET
LONDON, Ontario N6B2T3
519-872-8326
519-872-8326
Email
A TEAM LONDON
Brokerage
519-872-8326

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