7 Bedroom
5 Bathroom
2999.975 - 3499.9705 sqft
Radiant Heat
Landscaped
$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 $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:18082)
Property Details
MLS® Number
|
X9300237 |
Property Type
|
Multi-family |
Community Name
|
South F |
AmenitiesNearBy
|
Place Of Worship, Park, Public Transit |
CommunityFeatures
|
Community Centre |
Features
|
Flat Site, Carpet Free |
ParkingSpaceTotal
|
10 |
Structure
|
Porch, Shed |
Building
BathroomTotal
|
5 |
BedroomsAboveGround
|
7 |
BedroomsTotal
|
7 |
Amenities
|
Separate Heating Controls, Separate Electricity Meters |
Appliances
|
Water Heater, Dishwasher, Dryer, Refrigerator, Stove, Washer |
BasementType
|
Full |
ExteriorFinish
|
Brick |
FireProtection
|
Controlled Entry, Smoke Detectors |
FoundationType
|
Unknown |
HeatingFuel
|
Natural Gas |
HeatingType
|
Radiant Heat |
StoriesTotal
|
3 |
SizeInterior
|
2999.975 - 3499.9705 Sqft |
Type
|
Other |
UtilityWater
|
Municipal Water |
Land
Acreage
|
No |
LandAmenities
|
Place Of Worship, Park, Public Transit |
LandscapeFeatures
|
Landscaped |
Sewer
|
Sanitary Sewer |
SizeDepth
|
107 Ft ,6 In |
SizeFrontage
|
93 Ft ,7 In |
SizeIrregular
|
93.6 X 107.5 Ft |
SizeTotalText
|
93.6 X 107.5 Ft|under 1/2 Acre |
ZoningDescription
|
R2-2 |
Utilities
Cable
|
Installed |
Sewer
|
Installed |
https://www.realtor.ca/real-estate/27367949/64-duchess-avenue-london-south-f