$ 1,499,900
64 Duchess AVE London, ON N6C 1N2
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,499,900
Est. payment /mo
Active
64 Duchess AVE London, ON N6C 1N2
5 Baths
3,067 SqFt
UPDATED:
10/19/2024 04:18 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,067 sqft
Price per Sqft $489
MLS Listing ID X9300234
Annual Tax Amount $6,546
Tax Year 2023
Property 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 $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.
Location
State ON
County Middlesex
Community Public Transit, Recreation/Community Centre
Area South F
Interior
Cooling Yes
Exterior
Garage Spaces 10.0
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Parking Type Outside/Surface
Others
Security Features Yes
Listed by KELLER WILLIAMS LIFESTYLES