12 Cartwright Street London East, Ontario N6B 2W4
$688,000
Nestled in Historic Downtown Woodfield (2016 Winner of Great Places in Canada Award) sits this 19th century cottage charmer style home. Full of history, this newly renovated multi-generational home sits on a huge lot with one of the largest backyards on the street that features a row of fully mature lilac bushes, an outdoor living space with gas hookup, huge gardens and two driveways with space for up to three cars, making navigating multi-family life a breeze. Lord Roberts Public School and London Central Secondary School are within walking distance making this a perfect family home featuring 3 spacious bedrooms, two bathrooms, a full kitchen, kitchenette and laundry in the back as well as a full in-law or guest suite in the front featuring a huge front porch and the option for laundry in the basement. The home also features a legal 2 bedroom upper apartment w/ separate entrance and dedicated laneway; newly rented at $1610 a month inclusive of utilites for August 1st, 2025. The rear lower three bed and two bath unit with in suite laundry is also newly rented generating $3250 a month inclusive of utilities for August 1st, 2025. Currently there is flexibility as the front main level one bedroom unit is vacant; making for an ideal owner occupied property. This unit is projected for rent at $1475 inclusive of utilities. This makes this a prime oppuruntity for a family or investor to reside in this spacious unit and generate two other income sources with the rental of the other two unit. This also present a prime opportunity for a multigenerational family to share this property. With projected rents of $6,435 a month with all three units rented; with an annual projected rental income of $76,020 and net operating income of $57,155; this prime location triplex is operating at an projected 8.3% Cap Rate at asking price. This spacious lot also offers ample room to add an additional stand alone garden suite unit in the future. (id:60234)
Property Details
| MLS® Number | X12033299 |
| Property Type | Multi-family |
| Community Name | East F |
| Amenities Near By | Park, Place Of Worship, Public Transit |
| Equipment Type | None |
| Features | Flat Site, Lighting, In-law Suite |
| Parking Space Total | 3 |
| Rental Equipment Type | None |
| Structure | Porch, Deck, Shed |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Water Meter, Stove, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Features | Walk-up |
| Basement Type | N/a (unfinished) |
| Construction Status | Insulation Upgraded |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Park, Place Of Worship, Public Transit |
| Landscape Features | Landscaped |
| Sewer | Sanitary Sewer |
| Size Depth | 121 Ft ,6 In |
| Size Frontage | 46 Ft ,6 In |
| Size Irregular | 46.5 X 121.5 Ft |
| Size Total Text | 46.5 X 121.5 Ft |
| Zoning Description | R3-2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 3.03 m | 3.3 m | 3.03 m x 3.3 m |
| Main Level | Kitchen | 3.48 m | 4.28 m | 3.48 m x 4.28 m |
| Main Level | Primary Bedroom | 4.65 m | 4.06 m | 4.65 m x 4.06 m |
| Main Level | Bedroom | 3.3 m | 2.41 m | 3.3 m x 2.41 m |
| Main Level | Bedroom | 3.48 m | 3.81 m | 3.48 m x 3.81 m |
| Main Level | Mud Room | 1.19 m | 4.04 m | 1.19 m x 4.04 m |
| Main Level | Living Room | 4.39 m | 3.94 m | 4.39 m x 3.94 m |
| Main Level | Primary Bedroom | 4.39 m | 2.54 m | 4.39 m x 2.54 m |
| Upper Level | Living Room | 4.42 m | 3.07 m | 4.42 m x 3.07 m |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
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August 10 2025 09:21:22
London and St. Thomas Association of REALTORS®
Exp Realty