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London Ontario Real Estate

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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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Search Triplex for Sale in London

338 Hamilton Road, London image
338 Hamilton Road, London $524,900

Welcome to 338 Hamilton Rd, a perfectly renovated triplex ready for new tenants. A fantastic addition to add to your investment portfolio or to live in and rent out the r...

  • 3 Beds
  • 3 Baths
  • 40370971 MLS
Courtesy of ROYAL LEPAGE TRILAND REALTY

Listing courtesy of ROYAL LEPAGE TRILAND REALTY.

768 Hellmuth Avenue, London image
768 Hellmuth Avenue, London $714,900

Beautifully located in desirable Old North London within walking distance to Richmond Row, Parks, Shopping and all the core conveniences. Sought after yellow brick in hig...

  • 4 Beds
  • 40366725 MLS
Courtesy of SUTTON GROUP PREFERRED REALTY INC., BROKERAGE

Listing courtesy of SUTTON GROUP PREFERRED REALTY INC., BROKERAGE.

4459 Colonel Talbot Road, London image
4459 Colonel Talbot Road, London $649,000 ▼

Attention Investors and first-time home buyers! Rare triplex in lovely Lambeth is available at a great price. This building offers a 2-bedroom unit, a 1-bedroom and a bac...

  • 3 Beds
  • 40326170 MLS
Courtesy of PEAK PROFESSIONALS REALTY INC.

Listing courtesy of PEAK PROFESSIONALS REALTY INC..

670 Lorne Avenue, London image
670 Lorne Avenue, London $585,000

Amazing triplex in the heart of Old East Village with vacant possession of unit 3 (bachelor) and unit 2 (3 bed + den). This great investment opportunity offers tons of pa...

  • 5 Beds
  • 4 Baths
  • 40345295 MLS
Courtesy of THRIVE REALTY GROUP INC.

Listing courtesy of THRIVE REALTY GROUP INC..

680 Princess Avenue, London image
680 Princess Avenue, London $589,900

Excellent income earning yellow brick 2 storey located in Old East. Many updates including roof, flooring, some kitchen cabinetry, bathrooms. wiring with 5 separate meter...

  • 4 Beds
  • 3 Baths
  • 40343758 MLS
Courtesy of SUTTON GROUP PREFERRED REALTY INC., BROKERAGE

Listing courtesy of SUTTON GROUP PREFERRED REALTY INC., BROKERAGE.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the London and St. Thomas Association of REALTORS®. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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