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64 Duchess Avenue London, Ontario N6C 1N2

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:37319)

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
Fireplace Present No
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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Osman Omar
Salesperson

(519) 438-8000

Keller Williams Lifestyles

(519) 438-8000