CA$1,499,900
For Sale
7
5
3000-3500
Multiplex
Details
Overview
Description
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.
This multiplex home located at 64 Duchess Ave, London, ON N6C 1N2 is currently for For Sale and has been available on Wedu.ca for 44 days. This property is listed at CA$1M. It has 7 beds, 5 bathrooms, and is 3000-3500 square feet. The property is N/A years old. 64 Duchess Ave, London, ON N6C 1N2 is in London neighborhood South F.