Homes for sale - 1267 Hillcrest AVE, London East, ON N5Y 4N3

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Ana Bastas

ana@anabastas.ca +1(647) 361-8169

$ 999,000

Est. payment | -/mo

6 Beds

3 Baths

Save

$ 999,000

Est. payment | -/mo

Save

6 Beds

3 Baths

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

Listed by SAKER REALTY CORPORATION

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 361-8169

ana@anabastas.ca

130 KING ST W UNIT 1900B TORONTO, ON M5X 1E3, ON, M5X 1E3, CAN

1267 Hillcrest AVE London East, ON N5Y 4N3

Ana Bastas

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1267 Hillcrest AVE

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