$ 1,499,900
64 DUCHESS AVENUE London, ON N6C1N2
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$ 1,499,900
Est. payment | /mo
7 Beds
5 Baths
2,999 SqFt
$ 1,499,900
Est. payment | /mo
7 Beds
5 Baths
2,999 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,999 sqft
Price per Sqft $500
Subdivision South F
MLS® Listing ID X9300237
Bedrooms 7
Originating Board London and St. Thomas Association of REALTORS®
Property Description
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 $80761.84 and a current cap rate of 5.39%, 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. (id:24570)
Location
Province ON
Interior
Heating Radiant heat
Exterior
Garage No
Community Features Community Centre
Waterfront No
View Y/N No
Total Parking Spaces 10
Private Pool No
Building
Lot Description Landscaped
Story 2.5
Sewer Sanitary sewer
Listed by KELLER WILLIAMS LIFESTYLES
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "