ON > London North > North N
London North, ON N6H 1E2,162 Mount Pleasant AVE
London North, ON N6H 1E2,162 Mount Pleasant AVE
London North, ON N6H 1E2,162 Mount Pleasant AVE
London North, ON N6H 1E2,162 Mount Pleasant AVE
London North, ON N6H 1E2,162 Mount Pleasant AVE
London North, ON N6H 1E2,162 Mount Pleasant AVE
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Fawad Nissari

Fawad Nissari

+1(416) 878-1085
$ 999,900
Est. payment | /mo

8 Beds

5 Baths

Save
$ 999,900
Est. payment | /mo
Save

8 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision North N

MLS Listing ID X12377928

Style 1 1/2 Storey

Bedrooms 8

Annual Tax Amount $4,184

Tax Year 2024

Property Sub-Type Triplex

Property Description

Exceptional turn-key investment opportunity in a prime London location near both Downtown and Western University.This fully renovated triplex generates $91,800 in annual income with a net operating income of $74,648, reflecting a strong 7.5% cap rate.The property features three self-contained units: a 5-bedroom, 2.5-bath student rental (Unit A); a 1-bedroom, 1-bath lower-level unit rented to a professional couple (Unit B); and a vacant, detached 2-bedroom, 1-bath dwelling with private garage and workshop (Unit C), ideal for an owner occupier or to lease at top market rent.The units have been recently updated with modern finishes and functional layouts. Major mechanical upgrades include a new furnace, water heater, and air conditioner in Unit C (2024), and a new air conditioner for the main house (2025).Each unit has its own private yard, and the property sits on a large lot with ample parking and outdoor space. A rare opportunity to acquire a stabilized, low-maintenance asset with strong cash flow and future upside.

Location

Province ON

County Middlesex

Community North N

Area Middlesex

Zoning R2-2

Rooms

Family Room Yes

Basement Apartment

Kitchen 3

Separate Den/Office 1

Interior

Interior Features Water Heater Owned

Cooling Central Air

Fireplaces Type Family Room

Inclusions 3x Fridge, 3x Stove, 3x Dishwasher, 2x Washing Machine, 2x Dryer, 2x Water Heater, 2x AC, 2x Furnace

Exterior

Parking Features Private

Garage Spaces 2.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 66.0

Lot Depth 188.0

Total Parking Spaces 8

Building

Building Age 100+

Foundation Block

Others

Senior Community Yes

ParcelsYN No

Listed by A TEAM LONDON
Fawad Nissari

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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