Size
-
Lot size
935.44 sqm
Street frontage
N
Possession
FLEXIBLE
Price per sqm
$4,615 - $5,376
Taxes
$6,546.02 (2023)
Parking Type
-
Style
2 1/2 Storey
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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 $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.
EXTRAS:
EXTRAS:
Broker: KELLER WILLIAMS LIFESTYLES
MLS®#: X9300237
Property details
Parking:
10
Parking type:
-
Property type:
Multiplex
Heating type:
Radiant
Style:
2 1/2 Storey
MLS Size:
279-325 sqm
Lot front:
28.65 M
Lot depth:
32.92 M
Listed on:
Sep 6, 2024
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Instant estimate:
orto view instant estimate
$26,068
higher than listed pricei
High
$1,624,005
Mid
$1,525,968
Low
$1,484,456
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