64 Duchess Avenue London, Ontario N6C 1N2
$1,499,900
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. (id:50169)
Business
Business Type | Residential |
Business Sub Type | Apartments |
Property Details
MLS® Number | X9300234 |
Property Type | Multi-family |
Community Name | South F |
Amenities Near By | Public Transit, Recreation |
Parking Space Total | 10 |
Building
Bathroom Total | 5 |
Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer |
Cooling Type | Fully Air Conditioned |
Heating Fuel | Natural Gas |
Heating Type | Hot Water Radiator Heat |
Size Exterior | 3067 Sqft |
Size Interior | 3067 Sqft |
Type | Multi-family |
Utility Water | Municipal Water |
Land
Acreage | No |
Land Amenities | Public Transit, Recreation |
Size Depth | 107 Ft ,6 In |
Size Frontage | 93 Ft ,7 In |
Size Irregular | Bldg=93.63 X 107.54 Ft |
Size Total Text | Bldg=93.63 X 107.54 Ft |
Zoning Description | R2-2 |
https://www.realtor.ca/real-estate/27367948/64-duchess-avenue-london-south-f
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