162 MOUNT PLEASANT AVENUE

London North (North N), , N6H1E2, Canada

$999,900

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.

EXTRAS: Dishwasher, Dryer, Water Heater

Last updated on : Tuesday 14th of October 2025 10:21:25 PM

ADDRESS

Street : 162 MOUNT PLEASANT AVENUE

City : London North (North N)

Country : Canada

Postal Code : N6H1E2

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PROPERTY SUMMARY

Property ID : X12378664

Building Type : Multi-Family

Property Type : Multi-family

Bedrooms : 8

Bathrooms : 2

Parking : 6

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