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Multiplex for sale

$999,999

17 Carfrae Crescent

London, N6C 4A8

Bedrooms: 6+1 beds
Bathrooms: 3 baths
Interior: 1,500-2,000 ft²
Lot: 33 × 123 ft
Type: Multiplex
On the market: 35 days

Compare 17 Carfrae Crescent

About this home

Purpose-Built, Legal & Licensed Triplex in Old South. An excellent turnkey investment opportunity just steps from Wortley Village. This solid brick triplex has been extensively renovated and offers three self-contained units, with two units currently vacant and one leased-giving the next owner flexibility to place their own tenants and establish current market rents. Each unit includes five newer appliances (2022), with two heat pumps added in 2023, four separate hydro meters, a new rear deck and staircase (2023), plus a brand-new asphalt driveway and parking lot providing ample on-site parking. The property previously generated over $64,000 in annual gross income when fully occupied, with potential for growth as the vacant units are re-leased. With an active City of London rental licence, legal triplex status and major improvements already completed, this is a strong opportunity for investors looking for a low-maintenance multi-family asset in one of London's most desirable rental locations.

Features

Separate Heating Controls
Separate Hydro Meter

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Deck

Property details

MLS® number: X13770780
Property type: Triplex
Style: 2-Storey
Bedrooms: 6+1
Bathrooms: 3
Kitchens: 3
Interior size: 1,500-2,000 ft²
Approximate age: 51-99 years
Lot: 33 × 123 ft
Basement: Separate Entrance, Full
Heating: Baseboard, Electric
Sewer: Sewer

Parking: 4 spaces
Fireplace: Electric
Exterior: Brick
Roof: Asphalt Shingle
Foundation: Concrete
Property taxes: $5,901 (2025)
Possession: Flexible
Cross street: Grand Ave
Municipality: London

What it could cost each month

Mortgage estimate

$4,428a month

$200,000 down, 4.5%, 25 years

Down payment

7.6%10%20%

Interest rate

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An estimate, not a quote. Under 20% down, the mortgage default insurance premium is added to the loan.

Location

London, near Grand Ave

17 Carfrae Crescent, London

Map data © OpenStreetMap contributors, tiles by OpenFreeMap.

Listing courtesy of CENTURY 21 FIRST CANADIAN CORP.

Listed on the MLS® System of the London and St. Thomas Association of REALTORS. MLS® number X13770780. Measurements are approximate.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Listing data provided under copyright by the London and St. Thomas Association of REALTORS® and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Robert Georgopoulos and George Georgopoulos are Sales Representatives with RE/MAX Advantage Realty Ltd., Brokerage. Each office independently owned and operated.

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