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Home ON Greater London Middlesex County London Glen Cairn
42 TERRACE STREET
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42 TERRACE STREET $429,000
Price Change on 12/01/2025
$429,000
-$20,000
$449,000
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42 TERRACE STREET
London South (South I), Ontario N5Z2X4

MLS® Number: X12503730
3
Bedrooms
2
Bathrooms
1100 - 1500
Square Feet

Listing Description

This licensed duplex offers the perfect setup for house hacking - live in one unit and let the rental income offset your mortgage. The spacious 2-bedroom main floor unit is vacant, move-in ready, and freshly updated with brand-new flooring throughout, a stylish accent wall with an electric fireplace, a frosted sliding barn door, and modern window coverings. It even features a new all-in-one washer/dryer and smart thermostat for added convenience. The main floor can also be sold fully furnished - complete with beds, couches, artwork, TV, and a security system - making this a true turnkey option.The upper bachelor unit and garage are already leased, providing steady income from day one. The basement has been professionally interior waterproofed and includes a new sump pump with warranty, offering peace of mind and potential for added value with future finishing.Located on a corner lot with two parking spaces, a large backyard, and close proximity to Victoria Hospital, transit, and major amenities, this property combines comfort, income potential, and smart ownership all in one. (41564686)

Location Description

Cross Streets: Josephine. ** Directions: Driving South on Adelaide, turn left onto Terrace St, the house is on the corner of Josephine on the left hand side.

Property Summary

Property Type
Multi-family
Building Type
Duplex
Storeys
1.5
Square Footage
1100 - 1500 sqft
Community Name
South I
Land Size
125 x 40 FT
Annual Property Taxes
$2,682
Parking Type
No Garage
Time on REALTOR.ca
41 days

Building

Bedrooms
Above Grade
3
Bathrooms
Total
2
Interior Features
Appliances Included
Dryer, Two stoves, Washer, Two Refrigerators
Basement Features
Separate entrance
Basement Type
Unfinished
Building Features
Foundation Type
Unknown
Rental Equipment
Water Heater
Heating & Cooling
Cooling
None
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Parking Type
No Garage
Total Parking Spaces
2

Measurements

Square Footage
1100 - 1500 sqft

Rooms

MetricImperial
Main level
Living room
Kitchen
Bathroom
Bedroom
Bedroom 2
Second level
Living room
Kitchen
Ground level
Other
Other

Land

Lot Features
Frontage
125 ft
Land Depth
40 ft
Other Property Information
Zoning Description
R2-2
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