1267 Hillcrest AVE new Save Request In-Person Tour Request Virtual Tour
London East,ON N5Y 4N3
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision East A
MLS Listing ID X12348559
Style 2-Storey
Bedrooms 6
Building Age 51-99
Annual Tax Amount $2,187
Tax Year 2024
Property Sub-Type Detached
Property Description
Newly constructed three-unit home! This purpose-built three unit home, features three spacious 2-bedroom units with a projected gross annual income of $76,800+, yielding a 6.8% cap rate (NOI - $67,800). Situated on a quiet street just 5 minute drive from Fanshawe College and Kings College/University. it is also surrounded by amenities. This location offers strong rental demand and minimal vacancy risk, a perfect fit for your investment portfolio. With all three units vacant, you have the rare opportunity to hand-pick tenants and set market rents from day one. No detail was overlooked in this build: the striking exterior is finished with James Hardie board siding, black-framed windows, and a covered front porch for timeless curb appeal. Inside, each unit features luxury vinyl plank flooring both scratch-proof and waterproof, making it ideal for rental durability. Each unit is also thoughtfully designed with: A full set of stainless steel appliances, private mechanical/storage room, separate high-efficiency furnaces, Individual hot water tanks, 100-amp electrical panels, Separate hydro meters and 9-ft ceilings. Parking is a breeze with a large double wide driveway and additional development potential at the rear. This property falls just outside the "Near-Campus Neighborhood" zone, opening the door for a detached fourth unit in the backyard with no bedroom count maximum. Whether it's a garage with a coach house above or a larger standalone garden suite, the options are there to further maximize your ROI. (Buyer to verify zoning details and permissions). ask the listing agent for more details. Don't miss out on this high-performing asset with immediate income and a future development opportunity out back.
Location
Province ON
County Middlesex
Community East A
Area Middlesex
Rooms
Family Room No
Basement Separate Entrance,Apartment
Kitchen 3
Separate Den/Office 2
Interior
Interior Features Accessory Apartment,In-Law Capability,In-Law Suite,Separate Hydro Meter,Separate Heating Controls,Air Exchanger,ERV/HRV,Sump Pump,Carpet Free,Guest Accommodations
Cooling Central Air
Inclusions 3 X Refrigerators, 3 X Stoves, 3 X Washers, 3 X Dryers and 3 X Dishwashers.
Exterior
Exterior Feature Porch
Parking Features Private Double
Pool None
Roof Type Asphalt Shingle
Lot Frontage 63.72
Lot Depth 140.09
Total Parking Spaces 8
Building
Foundation Concrete
Others
Senior Community No
ParcelsYN No