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:4069)
| Address |
64 DUCHESS AVENUE |
| List Price |
$1,499,900 |
| Property Type |
Multi-family |
| Type of Dwelling |
Multi-Family |
| Area |
Ontario |
| Sub-Area |
London |
| Bathrooms |
5 |
| Floor Area |
3,067 Sq. Ft. |
| Lot Size |
Bldg=93.63 x 107.54 FT Sq. Ft. |
| MLS® Number |
X9300234 |
| Listing Brokerage |
KELLER WILLIAMS LIFESTYLES
|
| Postal Code |
N6C1N2 |
| Zoning |
R2-2 |
| Site Influences |
Public Transit, Recreation |
