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64 Duchess Ave

Duchess Ave, Wortley Village Heritage District, London, ON, N6C 1N2

7
Beds
5
Baths
2,999 - 3,499
Sq. Ft.
$1,499,900
List Price
Details
Photos
40
Comparables
History
64 Duchess Ave, London, ON - 1 of 3
64 Duchess Ave, London, ON - 2 of 3
64 Duchess Ave, London, ON - 3 of 3
64 days on market

Quick Summary

  • Fully tenanted 5-plex with AAA tenants
  • Steady and reliable rental income
  • Convenient on-site laundry and separate meters
  • Active rental license for easy management
  • Attractive 5.39% cap rate and $80,761.84 NOI
  • Prime location in vibrant Wortley Village
  • Individual temperature control for tenant comfort
  • Ample parking with two driveways

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... Show More

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 $80761.84 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:54626)

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Property Details

Size

2,999 - 3,499 sq. ft.
across 2 floors
7 Beds
7 Above Grade
5 Baths
5 Full

Parking

10 Parking Spaces
-

Lot

Size
1122′12″ * 1290′0″
Acres
-

Build

Year Built
-
Model Name
-
Basement
-
Exterior
Brick
Foundation
Unknown
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Radiant heat
Cooling
-

Utilities

Water
Municipal water
Sewer
Sanitary sewer
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Source

Listing Brokerage

MLS® Listing
X9300237
Last Updated
October 19, 2024
Brokerage
KELLER WILLIAMS LIFESTYLES
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