64 DUCHESS AVENUE, London

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:56071)

Appliances:  Water Heater, Dishwasher, Dryer, Refrigerator, Stove, Washer
Features:  Flat site, Carpet Free
Rental Equipment:  
Directions:  Duchess Ave & Edward Street
Zoning Description:  R2-2
Community Features:  Community Centre
Amenities:  Separate Heating Controls, Separate Electricity Meters
Lot:  93.63 x 107.54 FT|under 1/2 acre 93.63 x 107.54 FT
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas /
Age: 
Foundation: Unknown
Basement:  Full

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