64 Duchess Avenue , London, ON N6C 1N2
London, ON N6C 1N2
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.
Details
| Mls | X9300237 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Sold Conditional |
| Days On Site | 91 |
| Listing Provided By | KELLER WILLIAMS LIFESTYLES | Not Provided |
Features
| Beds | 7 |
|---|---|
| Baths | 5 |
| Basement | Y |
Request A Showing
Request A Showing
Contact
Learn More About This Property
| State | ON |
|---|---|
| County | Middlesex |
| City | London |
| Zip Code | N6C 1N2 |
| Area | South F |
| Listing VS Median (in N6C 1N2) | |
Price: $1,499,900 low | high Med: $0 On Site: 91 low | high Med: | |