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Triplex for Sale in London Ontario
Those in search of an investment property in London, Ontario, may want to include a triplex for sale London Ontario. Though not quite as available or popular as the smaller duplexes or larger quads, triplexes can make an attractive investment whether you choose to live in a unit as “landlord” or operate it as purely an investment property.
Original Construction Triplex or Converted?
While you will find triplexes originally constructed as three units in London Ontario, it is more likely you will come across larger, older homes in London that have been converted into three units. There are some important distinctions. Converted triplexes for sale in London Ontario may have shared entrances for one. It will also be important to determine to what extent utilities have been separated. In some cases, water, and perhaps even electric may still be under one account. This will force an owner to include utilities in the rent, or undertake the expenses of having separate breaker boxers and circuits installed. Homes originally constructed as triplexes will likely already have separated utilities.
What to Consider in a Triplex for Sale in London Ontario
While location, amenities, age and condition are critical in the purchase of a triplex in London Ontario, a buyer will also want to be aware of the property's cash flow, historic occupancy rate, and if some minor improvements may increase your return on investment. Of course, the better the neighbourhood, the more preferred the location and the higher quality the property is the higher the rent can be set. Keep in mind, some properties are being rented at rates far below market value, because an owner may not have wanted to increase rent on long-term tenants. Others may generate higher rental rates with some simple, cost-effective improvements. A triplex for sale London Ontario can offer hidden opportunities.
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519-851-2844Search Triplex for Sale in London
Prime Old East Village triplex. This sought after triplex won't last long. Main floor 2 bedroom unit, rents for $995.00 per month, plus personal hydro. Upper unit is 1 be...
- 4 Beds
- 3 Baths
- 40283619 MLS
Listing courtesy of RE/MAX CENTRE CITY REALTY INC., BROKERAGE.
INVESTOR ALERT! Grow your investment portfolio with this well-maintained legal brick triplex and start building wealth. This Residential Rental/Income Property is a great...
- 8 Beds
- 3 Baths
- 40279021 MLS
Listing courtesy of RE/MAX ADVANTAGE REALTY LTD., BROKERAGE.
Welcome to 873 Lovett St. This all brick Triplex consists of a 2 Bedroom main unit, 2 bedroom upper unit, and a newly finished 2 bedroom basement unit. The main unit feat...
- 6 Beds
- 3 Baths
- 40272765 MLS
Listing courtesy of NU-VISTA PREMIERE REALTY INC., BROKERAGE.
Amazing investment opportunity in this beautifully renovated Classic Yellow Brick Triplex in North London. Ideally located only blocks from Richmond Row and UWO, and Hosp...
- 7 Beds
- 3 Baths
- 40266403 MLS
Listing courtesy of FIVEWALLS REALTY, BROKERAGE.
Attention Investors and those looking for a mortgage helper! This turn-key all brick Triplex would be a great addition to your portfolio. Located in Old East Village just...
- 4 Beds
- 2 Baths
- 40264945 MLS
Listing courtesy of EXP REALTY, BROKERAGE.
Old South investment property with great potential. 2 units with 2 bedrooms, one bachelor apartment. Main floor 2 bedroom is owner occupied, upper 2 bedroom tenant has ...
- 40239205 MLS
Listing courtesy of KELLER WILLIAMS LIFESTYLES REALTY, BROKERAGE.
Beautiful renovated 2.5 storey large triplex in sought after Woodfield estates neighbourhood close to downtown London and Western University. Only a one minute walk to Vi...
- 8 Beds
- 3 Baths
- 40248698 MLS
Listing courtesy of ROYAL LEPAGE TRILAND REALTY.
Beautifully Maintained and Updated Three Unit Home. Fully Occupied, Great Income $40,000+ Yearly. Separately Metered Units. Short Distance to Downtown and All Amenities. ...
- 5 Beds
- 3 Baths
- 40235391 MLS
Listing courtesy of REMAX WEST REALTY INC TORONTO.
Triplex in Woodfield with a legal detached unit in the backyard that could be developed into a 4th unit. Three one bedroom units each with their own parking spot: A – ren...
- 3 Beds
- 3 Baths
- 40245874 MLS
Listing courtesy of SUTTON GROUP - SELECT REALTY INC., BROKERAGE.
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