3857 Petalpath Way · London, N6P 1H5
MLS® X13738824
Listed Sep 2, 2026
Listing courtesy of Century 21 First Canadian Corp. Dean Soufan INC.·Listing last changed Sep 2
Key facts
- Property type
- Triplex
- Square footage
- 3,000-3,500 sqft
- Lot size
- 36.19 × 109.56 ft · < 0.50 acres
- Age
- 0-5 years
- Parking
- 3 spaces
- Property tax
- $7,829/yr (2026)
Description
INVESTORS DREAM PROPERTY! CITY OF LONDON LICENSED TRIPLEX! Possible 6%+ CAP RATE -estimated $85,740 in gross yearly income. RARE investment opportunity in the heart of a vibrant new subdivision! Completed in 2025 - This immaculate Triplex boasts over 4,000 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. *Leases and Fire inspection report available upon request.
Read more ›Show less ‹
Keep notes on this home
Jot down what you thought and mark it as toured. Private to you.
Property details
Interior
- Size
- 3,000-3,500 sqft
- Bedrooms
- 5 above grade, 2 lower level
- Rooms
- 9 rooms · 2 kitchens
- Bathrooms
- 2 × 3-piece on Main, 2 × 3-piece on Second, 2 × 3-piece on Lower
- Basement
- Full, Finished, Separate Entrance, Apartment
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Triplex, 3-Storey
- Age
- 0-5 years
- Lot size
- 36.19 × 109.56 ft · < 0.50 acres
- Exterior
- Brick, Vinyl Siding
- Foundation
- Concrete
- Roof
- Shingles
- Water & sewer
- Sewer
Parking
- Garage
- 1 car Attached
- Driveway
- Private (2 spaces)
- Parking
- 3 spaces
Fees & taxes
- Property tax
- $7,829/yr (2026)
Rooms
Main
- Bedroom 2
- 3.65 × 3.04 m
- Kitchen
- 2.74 × 3.04 m
- Primary Bedroom, 3 Pc Ensuite
- 3.65 × 3.65 m
- Family Room
- 3.96 × 3.65 m
Second
- Primary Bedroom, 3 Pc Ensuite
- 5.18 × 3.65 m
- Bedroom 2
- 3.65 × 4.26 m
- Family Room, Fireplace
- 5.48 × 3.35 m
- Kitchen
- 3.35 × 3.35 m
Lower
- Primary Bedroom, 3 Pc Ensuite
- 5.48 × 4.26 m
- Bedroom 2
- 3.65 × 3.04 m
- Family Room, Fireplace
- 4.26 × 3.65 m
- Kitchen
- 4.26 × 3.65 m
Estimated value range
$1.2M to $1.4M
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Schools nearbyclosest is White Pine Public School, 1.0 km
Elementary
White Pine Public School
1.0 km · Grades K-8
- 8.6
Lambeth Public School
1.1 km · Grades JK-8
Thames Valley District School Board
- 7.8
École élémentaire La Pommeraie
1.1 km · Grades JK-6
Conseil scolaire Viamonde
Secondary
- 4.9
Saunders Secondary School
2.7 km · Grades 9-12
Thames Valley District School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $7,263/mo all in
Monthly payment estimate
Land transfer tax$22,473 on closing
Ontario LTT
$22,473
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Sep 2, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Affordabilityneeds $305,000 household income
Minimum household income required
$305,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
No obligation. Pick a time that suits you.
Message Colin about this home
By submitting, you agree to be contacted by Oak and Key Real Estate Brokerage Inc. by email, phone and text message about real estate services. Message frequency varies. Msg & data rates may apply. Reply STOP to unsubscribe or HELP for help. See our Privacy Policy and SMS Terms.
Get notified about similar homes
New triplex listings in Lambeth.