64 Duchess Avenue, London South F
- Bedrooms: 7
- Bathrooms: 5
- Living area: 3067 square feet
- Added: 14 days ago
- Updated: 14 days ago
- Last Checked: 13 days ago
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:1945)
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Property Details
- Heating: Radiant heat, Natural gas
- Stories: 2.5
- Structure Type: Other
- Exterior Features: Brick
- Foundation Details: Unknown
Interior Features
- Basement: Full
- Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Water Heater
- Bedrooms Total: 7
Exterior & Lot Features
- Lot Features: Flat site, Carpet Free
- Water Source: Municipal water
- Parking Total: 10
- Building Features: Separate Electricity Meters, Separate Heating Controls
- Lot Size Dimensions: 93.63 x 107.54 FT
Location & Community
- Directions: Duchess Ave & Edward Street
- Community Features: Community Centre
Utilities & Systems
- Sewer: Sanitary sewer
- Utilities: Sewer, Cable
Tax & Legal Information
- Tax Year: 2024
- Tax Annual Amount: 6546.02
- Zoning Description: R2-2
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