5 Bathroom
3067 sqft
Fully Air Conditioned
Hot Water Radiator Heat
$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:56191)
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-south-f