Who’s looking for a profitable property?
Interested buyers need to act fast! We’re showing this property Tuesday and taking offers Wednesday.
This London triplex is currently available for less than the price of recent duplex sales! There are 3 units, all above grade. The 2-bed unit and the bachelor unit are currently vacant after recent upgrades. The final unit is occupied by a long-term, reliable tenant paying $1,200/month.
Minimal work is needed, making this an attractive opportunity for landlords looking to add doors without taking on a major renovation, or for house hackers looking for a turnkey property!
The property sits on an oversized 50′ x 175′ lot, giving potential for an ADU, or the conversion of the current detached garage into an additional unit. This would allow you to significantly increase value, and cash flow without affecting the income generated by the 3 existing units. There are 5 spacious parking spots at the rear, a great feature for a multi-unit rental.
2-unit properties in this area are selling as high as the $800Ks! This home already has 3-units and there’s potential to add more with an ADU!
How can you profit?
1) Buy & Hold – At only $699K, this property has substantial upside for buyers who can see long-term. Lease the vacant units at market rent and start generating income without the work of a major reno. With lots of parking, a central location, and shared laundry in the basement, this property has practical features that make it attractive to renters.
2) Add an ADU – The oversized 50′ x 175′ lot creates ADU opportunity! With 3 existing apartments, adding an ADU could increase your total door count, monthly income, and property value without disrupting the current rental income! (Buyer to verify zoning and permitting)
3) House Hack – Live in one of the two recently renovated vacant units and rent out the other two to help cover your mortgage. With 3 existing legal units, all in rent-ready condition, most of the work is done for you! Plus in the long term, the ADU potential could create even more rental income down the road.
4) Realtors: Bring Your Financially Savvy Clients – This is a great opportunity for landlords looking to expand their portfolio, house hackers looking for a great deal, or flippers who know how to handle an ADU! 3% Co-op included
SUMMARY:
- LOCATION: London, ON (Horton St W & Wharncliffe Rd S)
- PURCHASE PRICE: $699,000 Or Best Offer (Incldues 3% Co-op for Relators!)
- AFTER REPAIR VALUE: $900,000+
- CLOSING: November 25, 2026 (This is an assignment sale.)
- TYPE: 2 Storey Detached Triplex
- BEDS/BATHS: 4 beds / 3 baths
- PARKING: 1-car garage + 5 driveway spots at rear
- BASEMENT: Unfinished with shared laundry
- SQFT: 2,076
- LOT: 50′ x 175′
- AGE: 1895
- PROPERTY TAX: $4,409 (2025)
- POSSESSION: 2 vacant units, 1 tenanted unit
RENOVATIONS NEEDED:
- Minimal work needed, 2 units have recently been renovated.
- Consider adding ADU / converting detached garage into additional unit.
- Some junk and furniture removal.
- Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
- Legal triplex with recent updates
- 2 vacant units allowing buyers to pick their tenants, plus 1 long term, stable tenant
- Oversized 50′ x 175′ lot with potential for an ADU
- Lots of parking available for tenants
- Shared laundry in the basement
- Minimal reno’s required, with 2 of the 3 units recently updated
- Duplexes in this area are selling as high as the $800Ks
LISTING ID: 1126-LON-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.