64 Duchess Avenue, London, ON N6C 1N2

  • $1,499,900
64 Duchess Avenue, London, ON N6C 1N2
Active For Sale
64 Duchess Avenue, London, ON N6C 1N2
64 Duchess Avenue, London, ON N6C 1N2
  • $1,499,900

Overview

Property ID: HZX9300234
  • Investment, Commercial Sale
  • Property Type
  • 5
  • Bathrooms
  • 3067
  • Sqft

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.

  • Address 64 Duchess Avenue
  • City London
  • State/county ON
  • Zip/Postal Code N6C 1N2

Details

Updated on October 19, 2024 at 4:18 pm
  • Property ID: HZX9300234
  • Price: $1,499,900
  • Property Size: 3067 Sqft
  • Bathrooms: 5
  • Garage Size: x x
  • Property Type: Investment, Commercial Sale
  • Property Status: Active, For Sale

Additional details

  • Utilities: Yes
  • Sewer: Sanitary+Storm
  • Cooling: Yes
  • County: Middlesex
  • Property Type: Commercial Sale
  • Community Features: Public Transit,Recreation/Community Centre

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