Home with brick exterior material, street for 17 Carfrae Cres, London South Ontario N6C 4A8
59 days on Market

17 Carfrae Cres, London South, Ontario N6C 4A8

Townhouse
6 + 1
3
~1500-2000 sqft
$1,100,000
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Townhouse
6 + 1
3
~1500-2000 sqft

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Highlights

Property Estimate

Days on market59 days

Estimated valueNot available

Price/Sqft$642/sqft

Monthly cost

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CMA Subject Property

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+1

Properties sold*

$400K

Median sold price*

*Based on last 30 days

Description

Solid Brick Triplex in the Heart of Old South- Turnkey Investment Opportunity. Welcome to this beautifully renovated solid brick triplex nestled in one of London's most sought-after neighbourhoods-Old South. Fully modernized from top to bottom, this income-generating property is the perfect blend of timeless charm and contemporary updates. Each of the three self-contained units has been thoughtfully upgraded and comes complete with five new appliances (2022) per unit, offering exceptional convenience for tenants. With an active rental license in place with the City of London, this is a fully compliant and ready-to-go investment. The newly constructed read deck and staircase (2023) are not only structurally sound but provide additional outdoor space and safe access for upper units. Two new heat pumps installed in 2023 ensure energy-efficient heating and cooling throughout the property, keeping utility costs low. Plus, the property features four separate hydro meters, making tenant utility management simple and transparent. Currently grossing over $64,000 annually, this triplex offers strong cash flow with room for growth. Whether you're looking to expand your portfolio or live in one unit while renting the others, this is a rare opportunity in a prime location. Don't miss your chance to own a beautifully updated, fully licensed triplex in Old South-steps from Wortley Village, parks, shops, and transit.


Property Details

Style2-Storey
View-
Age of property51-99
SqFt~1500-2000 SqFt
Lot Size4,059 SqFt(123 x 33)
Parking Spaces4
MLS ®NumberX12126523
Community NameSouth London
Data SourceTRREB
Listing byCENTURY 21 FIRST CANADIAN CORP

Features

Heating: Baseboard
Cooling: Other
Fireplace
Basement: Sep Entrance, Full

Features

Lot size: 4,059 SqFt

Parking

Garage spaces 1

Garage type None

Other parking spaces 3

Total parking spaces 4


Market Data - South London

Geo Zone Map ThumbnailSouth London

Buyer's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

8 days

Compared to

2024

49 days

2023

0 day

2022

9 days

New Listings

Past 30 days

2 listings

Compared to

2024

0 listing

2023

1 listing

2022

0 listing

Units sold

Past 30 days

2 units

Compared to

2024

1 unit

2023

0 unit

2022

2 units

Median Sold Price

Past 30 days

$487,500

Compared to

2024

$400,000

2022

$490,000


Population and Demographics

Overview

Total population 14566
Average household income $107,372

Age (%)

0 to 19
16%
20 to 34
26%
35 to 49
20%
50 to 64
21%
65 and plus
18%

Household composition (%)

Single person
50%
Single family
44%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
91%
Others
3%
Spanish
2%
French
1%
Arabic
1%

House tenancy (%)

Renters
60%
Owners
40%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget