Listed by Blue Forest Realty Inc..

42 Terrace Street is a Duplex, 1 1/2 Storey and is currently for Sale @ $429,000. Taxes in 2024 were $2,517.00.

More homes for sale under 400k in London South

Fantastic Opportunity for First-Time Buyers or Investors! This licensed duplex offers the ideal setup for house hacking or easing your monthly expenses. The 1 1/2 Storey on 42 Terrace Street has 3 bedrooms, 2 bathrooms, and is located on a 40 x 125 ft lot in the community of South I . The spacious 2-bedroom main floor unit is vacant and move-in ready, making it perfect for homeowners looking to live in one unit while earning rental income from the already tenanted upper bachelor unit. The unfinished basement boasts great ceiling height, a separate walkout, and a flexible layout ideal for expanding the main units living space, offering tenant storage, or adding coin-operated laundry for supplemental income. Other highlights include a large backyard, a corner lot with two parking spaces, and a shed that has previously generated extra rental income. Recent updates such as deck repairs, fresh paint in the main unit, a new vanity, toilet, and bathroom window add to the homes appeal and readiness. Located just minutes from Victoria Hospital, public transit, and major amenities, this is a smart choice for anyone looking to step into real estate ownership with rental support from day one.

2 REFRIGERATORS; 2 STOVES

The address 42 Terrace Street was listed for sale (MLS# X12173399) on Monday, May 26, 2025.