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22 Palace St

Palace St, Central London, London, ON, N6B 3A7

8
Beds
2
Baths
$829,999
List Price
Details
Photos
35
Comparables
History
22 Palace St, London, ON - 1 of 3
22 Palace St, London, ON - 2 of 3
22 Palace St, London, ON - 3 of 3
New
11 days on market

Quick Summary

  • Fully renovated licensed legal duplex
  • Desirable location near restaurants, parks, trails
  • Walking distance to downtown London
  • Separate utilities for each unit
  • Each unit has own laundry
  • 4 bedrooms and 4-piece bathroom per unit
  • Large family room with gas fireplace
  • 4/6 parking spaces on-site

Fully renovated licensed legal duplex located in desirable steps to restaurants, parks, trails and walking distance to downtown London. This purpose-built duplex is a Landlords dream & is perfect for investors looking for a turnkey property with strong cash flow with a projected cap rate of over 8%. Separate heat, separate hydro and... Show More

Fully renovated licensed legal duplex located in desirable steps to restaurants, parks, trails and walking distance to downtown London. This purpose-built duplex is a Landlords dream & is perfect for investors looking for a turnkey property with strong cash flow with a projected cap rate of over 8%. Separate heat, separate hydro and separate water meters! Each unit has their own laundry. Both units have 4 good sized bedrooms and a 4 piece bathroom, a large family room with gas fireplace and separate dining space as well as an eat in kitchen. 4\\6 parking spaces located on site. The main floor unit has been fully renovated and is leased on month to month basis and can be vacant as of July 1, 2024, allowing the new Buyer to set their own rents Current market rents for this unit is $3200 plus utilities. Downstairs is vacant and conservative rents per room at $800 + utilities is easily attainable with its proximity to downtown and UWO & Fanshawe College. (id:54626)

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Property Details

Size

Sq. Ft. Not Available
across 2 floors
8 Beds
4 Above Grade - 4 Below Grade
2 Baths
2 Full

Parking

4 Parking Spaces
-

Build

Year Built
-
Model Name
-
Basement
-
Exterior
Vinyl siding, Brick
Foundation
Poured Concrete
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Baseboard heaters
Cooling
Wall unit

Utilities

Water
Municipal water
Sewer
Sanitary sewer
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
X8322168
Last Updated
May 14, 2024
Brokerage
COLDWELL BANKER POWER REALTY, BROKERAGE
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Call us 800-591-0566

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