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64 DUCHESS AVENUE
London Ontario N6C1N2 Canada

$1,499,900

Active Listing ID X9300234
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3,067 square feet
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5.00 Bath
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Multi-family

$1,499,900

Active Listing ID X9300234
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64 DUCHESS AVENUE 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 $80, 761.84 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:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: Fully air conditioned
  • Heating Systems: Hot water radiator heat, Natural gas
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 10/19/2024 5:00:50 PM GMT
Source Updated Date: 11/21/2024 4:29:26 AM GMT

Courtesy of: OSMAN OMAR, Salesperson, KELLER WILLIAMS LIFESTYLES