17 Carfrae Crescent
London South, N6C 4A8·MLS® X13770780
Listing courtesy of Century 21 First Canadian Corp·Updated 4 hours ago
Listing price
$999,999
Est. $4,763/mo
Days on market
Listed Sep 11, 2026
Description
Purpose-Built, Legal & Licensed Triplex in Old South. An excellent turnkey investment opportunity just steps from Wortley Village. This solid brick triplex has been extensively renovated and offers three self-contained units, with two units currently vacant and one leased-giving the next owner flexibility to place their own tenants and establish current market rents. Each unit includes five newer appliances (2022), with two heat pumps added in 2023, four separate hydro meters, a new rear deck and staircase (2023), plus a brand-new asphalt driveway and parking lot providing ample on-site parking. The property previously generated over $64,000 in annual gross income when fully occupied, with potential for growth as the vacant units are re-leased. With an active City of London rental licence, legal triplex status and major improvements already completed, this is a strong opportunity for investors looking for a low-maintenance multi-family asset in one of London's most desirable rental locations.
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Property details
- Type
- Triplex, 2-Storey
- Age
- 51-99 years
- Lot size
- 33 × 123 ft · < .50 acres
- Interior
- 1500-2000 sqft
- Rooms
- 8 rooms · 2 kitchens
- Bathrooms
- 1 × 4-piece on Second, 1 × 4-piece on Main, 1 × 3-piece on Basement
- Basement
- Separate Entrance, Full
- Heating
- Baseboard
- Cooling
- Other
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
- Garage
- 1 car None
- Driveway
- Available, Mutual, Private, Unreserved (4 spaces)
- Parking
- 4 spaces
- Property tax
- $5,901/yr (2025)
Location & neighbourhood
London South, ON
Established neighbourhood with character homes and walkable local businesses south of downtown.
Monthly paymentMortgage, tax and fees
Monthly payment estimate
Land transfer taxOne-time, on closing
Ontario LTT
$16,475
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 3 times · asking price down 9% from the first ask
Listed Sep 11, 2026
Listed Sep 11, 2026
Listed May 6, 2025 · 83 days on market
Jul 28, 2025
83 days on the market in total across 3 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.
Sold comparables nearby
Sold$855,000
47 Rogers Avenue, London North
Sold$630,000
12 Cartwright Street, London East
See what these 4 homes sold for
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Market conditionsLondon South · last 90 days
Avg. sold price
$685,000
Sale-to-list ratio
94.2%
Based on 4 recent comparable sales near this home.
AffordabilityWhat income this home needs
Minimum household income required
$257,000
Based on 20% down, a 7.24% qualifying rate (the 5.24% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
519-859-4579 · colin@searchlondonhomes.com
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