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$1,499,900
Status: For Sale
Discover this 5 Plex at 64 Duchess Ave, located in the heart of one of Canadas most sought-after neighbourhoods, Wortley Village. This fully tenanted building boasts AAA tenants across two spacious 2-bedroom units and three 1-bedroom units, ensuring steady and reliable income. On-site laundry, 6 hydro meters, 1 water meter, and 1 gas meter adds to the propertys appeal, making it easy to manage and operate. The property holds an active rental license with the City of London. Net Operating Income of $81,901.84 and a current cap rate of 5.46%, this is a solid investment in a thriving community with potential for upside! Located on a corner lot in Wortley Village, known for its vibrant atmosphere and voted one of the best neighbourhoods in Canada, this property offers a turn key opportunity to invest in a highly desirable location. The property features modern conveniences with individual temperature control for each unit, allowing tenants to manage their own temperature settings for optimal comfort. With two driveways providing a total of 10 parking spots, parking is ample. Inquire about competitive financing options.
Property Type | :Residential |
MLS Number | :X9300237 |
Listing Type | :Sale |
Property Age | :100+ years |
Possession Date | : |
Last Updated | :16 Sep, 2024 (7 Hours ago) |
Source | :TRREB |
Area | :Middlesex |
Postal Code | : N6C 1N2 |
Price | : $1,499,900 |
Property Taxes | :$6546.02 |
Tax Year | :2023 |
Bedrooms | :7 + |
No. of Rooms | :23 |
Air Conditioning | :Other |
Heating | :Radiant |
Place of Worship | :Yes |
Cross Street | :Duchess Ave & Edward Street |
Bathrooms | :5 |
Fuel | :Gas |
Elevator | :No |
Approx Square Footage | :3000-3500 sqft |
Virtual Tour | :Virtual Tour (External Link) |
Exterior Finish | :Brick, Other |
Parking Space | :10 |
Basement | :Full |
Garage | :None |
Laundry Level | :Lower |
Park | :Park |
Library | :Library |
05 Sep, 2024
TREB #X9300237
Listed
$1499900.0