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Home ON Greater London London Talbot
3857 PETALPATH WAY
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3857 PETALPATH WAY $1,299,900
$1,299,900
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3857 PETALPATH WAY
London, Ontario N6P1H5

MLS® Number: X10893897
5 + 2
Bedrooms
6
Bathrooms
3500 - 5000
Square Feet

Listing Description

INVESTORS DREAM PROPERTY! BRAND NEW! CITY OF LONDON APPROVED TRIPLEX! Possible 7%+ CAP RATE -estimated $90,000 in gross yearly income. RARE investment opportunity in the heart of a vibrant new subdivision! This immaculate Triplex boasts 4,022 SF of finished modern living space, designed for ultimate convenience and low maintenance living. Each unit within this triplex offers its own unique blend of comfort and style. The main floor suite features 2 bedrooms, 2 full baths, and seamless garage access for added convenience. On the upper level, you'll find 3 bedrooms, 2 full baths, and the cozy ambiance of an electric fireplace. Downstairs, the lower suite mirrors the main floor with 2 bedrooms, 2 full baths, and another inviting electric fireplace. With separate metering for gas and hydro for each unit, tenants enjoy autonomy over their utilities. Whether you're envisioning long-term tenants or exploring the lucrative realm of short-term rentals like Airbnb, this property is a true money maker. Inside each unit, in-suite laundry facilities ensure maximum convenience, while generously sized bedrooms provide ample space for relaxation. With a layout that allows the main floor and lower level to function as one large unit if desired, the possibilities are endless. Situated just moments away from the junction of highways 401 and 402, commuting is a breeze, making this property an ideal choice for tenants seeking accessibility. Plus, you're never far from everyday essentials with shopping, restaurants, banks, schools, and grocery stores all within easy reach. Whether you're an astute investor seeking a reliable income stream or an owner-occupier looking to offset mortgage costs by renting out additional units, this triplex offers the perfect blend of versatility and profitability. Don't miss out on this exceptional opportunity to secure your slice of real estate success! Schedule your viewing today. NOTE: PHOTOS ARE FROM A PREVIOUS BUILD AND FOR ILLUSTRATION PURPOSES ONLY. (38577088)

Location Description

EAST OF COLONEL TALBOT RD AND SOUTH OF PACK ROAD.

Property Summary

Property Type
Single Family
Building Type
Triplex
Storeys
3
Square Footage
3500 - 5000 sqft
Community Name
South V
Land Size
36.2 x 109.6 FT ; 20.05 ft x 128.70 ft x 40.22 ft x 109.56|under 1/2 acre
Annual Property Taxes
$0
Parking Type
Attached Garage
Time on REALTOR.ca
8 days

Building

Bedrooms
Above Grade
5
Below Grade
2
Bathrooms
Total
6
Interior Features
Appliances Included
Garage door opener remote(s), Water Heater - Tankless, Garage door opener, Microwave
Basement Features
Apartment in basement, Separate entrance
Basement Type
N/A
Building Features
Features
Irregular lot size, Flat site, Carpet Free, Sump Pump
Foundation Type
Concrete
Building Amenities
Fireplace(s), Separate Heating Controls, Separate Electricity Meters
Structures
Deck, Porch
Heating & Cooling
Cooling
Central air conditioning
Fireplace
2
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl siding
Neighbourhood Features
Community Features
Community Centre
Amenities Nearby
Hospital, Park, Public Transit, Schools
Parking
Parking Type
Attached Garage
Total Parking Spaces
3

Measurements

Square Footage
3500 - 5000 sqft

Rooms

MetricImperial
Main level
Kitchen
Family room
Primary Bedroom
Bedroom 2
Lower level
Primary Bedroom
Bedroom 2
Family room
Kitchen
Upper Level
Family room
Kitchen
Primary Bedroom
Bedroom 2

Land

Lot Features
Frontage
36 ft ,2 in
Land Depth
109 ft ,7 in
Other Property Information
Zoning Description
R1-3(23)
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3

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