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64 Duchess Avenue London, Ontario N6C 1N2

5 Bathroom 3067 sqft
Fully Air Conditioned Hot Water Radiator Heat

$1,499,900

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:53282)

Business

BusinessType Residential
BusinessSubType Apartments

Property Details

MLS® Number X9300234
Property Type Multi-family
Community Name South F
AmenitiesNearBy Public Transit, Recreation
ParkingSpaceTotal 10

Building

BathroomTotal 5
Appliances Dishwasher, Dryer, Refrigerator, Stove, Washer
CoolingType Fully Air Conditioned
HeatingFuel Natural Gas
HeatingType Hot Water Radiator Heat
SizeExterior 3067 Sqft
SizeInterior 3067 Sqft
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit, Recreation
SizeDepth 107 Ft ,6 In
SizeFrontage 93 Ft ,7 In
SizeIrregular Bldg=93.63 X 107.54 Ft
SizeTotalText Bldg=93.63 X 107.54 Ft
ZoningDescription R2-2

https://www.realtor.ca/real-estate/27367948/64-duchess-avenue-london-south-f

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