142 JOHN STREET, London East (East F)

About this property

Turnkey, separately metered triplex steps to downtown London and Western, generating $4,533 a month ($54,396 a year) in rental income with a current city rental licence already in hand. This fully self-contained three-unit property offers a spacious main level with 3 bedrooms and hardwood floors renting for $1,843, a bright upper unit with 2 bedrooms and an eat-in kitchen renting for $1,395, and a light-filled lower unit with 2 bedrooms and potential rent of $1,295, seven bedrooms in total. Each unit has its own kitchen, living space, bath, and separate entrance, and with three separately metered hydro units, tenants cover their own utility costs, keeping expenses predictable. The building has been updated over the years, blending original character with practical improvements, and its legal, licensed status with the City of London is a genuine advantage in a market where many comparable buildings are not. Just steps to transit, shopping, restaurants, and Western University, this address checks every box for long-term tenant demand, whether you are growing a portfolio or looking to house-hack with rental income covering the majority of your carrying costs. (id:66939)