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Front of 42 Terrace Street
42 Terrace StreetLondon (South I)
Expired
1/37
Ontario Real Estate › London › London South
Front of 42 Terrace Street
42 Terrace StreetLondon (South I)
Expired
See all 37 photos
MultiplexMLS X12503730
Last asked:Expired Jan 3, 2026
$429,000
3 Bedrooms
2 Bathrooms
2 Parking
1.1K~1.5K Sq.Ft.
125 x 40 ft Lot
$2,682 Tax/yr

Property history

$449,900first asked
$429,000last asked
▼ 5%since February
FebJunSepJan
ExpiredJan 3, 2026
$429,000MLS® X12503730
Listed for saleNov 3, 2025
$429,000MLS® X12503730
TerminatedJul 24, 2025
$429,000MLS® X12173399
Listed for saleMay 26, 2025
$429,000MLS® X12173399
TerminatedMay 23, 2025
$449,900MLS® X11976341
Listed for saleFeb 18, 2025
$449,900MLS® X11976341
Nima Mirderrickvand
Nima Mirderrickvand

Real Estate Broker

416-616-6676

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Property not available for sale or for rent.

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About this home

42 Terrace Street, London

This licensed duplex offers the perfect setup for house hacking - live in one unit and let the rental income offset your mortgage. The spacious 2-bedroom main floor unit is vacant, move-in ready, and freshly updated with brand-new flooring throughout, a stylish accent wall with an electric fireplace, a frosted sliding barn door, and modern window coverings. It even features a new all-in-one washer/dryer and smart thermostat for added convenience. The main floor can also be sold fully furnished - complete with beds, couches, artwork, TV, and a security system - making this a true turnkey option.The upper bachelor unit and garage are already leased, providing steady income from day one. The basement has been professionally interior waterproofed and includes a new sump pump with warranty, offering peace of mind and potential for added value with future finishing.Located on a corner lot with two parking spaces, a large backyard, and close proximity to Victoria Hospital, transit, and major amenities, this property combines comfort, income potential, and smart ownership all in one.

In-Law CapabilityStorage

Facts & features

TypeMultiplex
Style1 1/2 storey
Size1.1K~1.5K Sq.Ft.
Lot125 x 40 ft
Tax$2,682 (2025)
HeatingForced air, gas
BasementSeparate entrance, unfinished
Parking2 drive
WaterMunicipal

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Rooms

10 rooms · 2 bathrooms
Main floor8 rooms
  • Living room13′ × 12′4″161 sq.ft.
  • Kitchen14′10″ × 13′1″195 sq.ft.
  • Bathroom9′6″ × 8′11″84 sq.ft.
  • Bedroom9′6″ × 8′11″84 sq.ft.
  • Bedroom 29′9″ × 9′6″93 sq.ft.
  • Furnace room28′3″ × 22′11″647 sq.ft.
  • Other18′5″ × 7′9″142 sq.ft.
  • Other13′ × 8′9″114 sq.ft.
Second floor2 rooms
  • Living room17′11″ × 13′10″248 sq.ft.
  • Kitchen14′10″ × 7′11″117 sq.ft.
Bathrooms2
4-pcMain3-pcSecond
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Around this home

Josephine
6Walking

Schools nearby

School rating, out of 10.

Princess Elizabethelementary · Public · 0.6 km
6.2/10
Holy Rosaryelementary · Catholic · 0.8 km
3.6/10
St. Johnelementary · Catholic · 1.0 km
7.6/10

Listing details

MLS® numberX12503730
Listed onNov 3, 2025
Days on market61
UpdatedJan 3, 2026
Listing brokerageBLUE FOREST REALTY INC.
Possession2025-11-30 / Flexible

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© 2026 HOMEH Inc., Brokerage · RECO Registration #6000380 · 505 Highway 7 East, Units 308 & 309, Thornhill, ON L3T 7T1 · Listing data courtesy of the MLS® System of the listing brokerage, deemed reliable but not guaranteed.

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