202 Wharncliffe Rd S
Wharncliffe Rd S, Wortley Village Heritage District, London, ON, N6J 2L1
Quick Summary
Quick Summary
- Attractive investment opportunity with 6% cap rate
- Desirable location in Old South with business use
- Rented upper unit with stable tenant until 2024
- Ideal for owner-occupancy with month-to-month lower unit
- Separate hydro meters for each unit and common areas
- Recent updates include new furnace, electrical, paint, flooring
- Convenient access to downtown, hospital, university, highway
- Competitively priced duplex in the local market
6% Cap Rate Potential for INVESTMENT AND/OR OWNER OCCUPY OPPORTUNITY! Licensed Up & Down Duplex located in desirable Old South + business use potential! This is a great option for any investor, business owner or someone who wants to reduce their cost of living! Upper level is rented for $1,300+ hydro till December 31, 2024. Main floor... Show More
6% Cap Rate Potential for INVESTMENT AND/OR OWNER OCCUPY OPPORTUNITY! Licensed Up & Down Duplex located in desirable Old South + business use potential! This is a great option for any investor, business owner or someone who wants to reduce their cost of living! Upper level is rented for $1,300+ hydro till December 31, 2024. Main floor tenancy is month-to-month ($870/month all inclusive). Ideal for savvy investment or owner-occupancy. This property has 3 hydro meters – one for each unit plus a 3rd for the common basement area which holds laundry, storage & building utilities. Low maintenance & taxes. Recent updates include: Brand new furnace installed (October 2023), updated electrical, new paint & flooring. Great access to Downtown, Victoria Hospital, UWO & Hwy 401. One of the best priced duplex 's in town! Call today for further information. (id:54626)
Property Details
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For Sale Nearby
Sold Nearby
- 1,500 - 2,000 Sq. Ft.
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- 2,000 - 2,500 Sq. Ft.
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- 700 - 1,100 Sq. Ft.
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- 1,100 - 1,500 Sq. Ft.
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