64 Duchess Ave
London, N6C1N2
For Sale
$1,499,900
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Apartment
CATEGORY3,067 Sq Ft
TOTAL AREAX9300234
MLSIDContact Us
Property 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 $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.
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Property Details
Category
Apartment
Usage
Apts-2 To 5 Units
Zoning
R2-2
Total Area
3,067 Sq Ft
Lot Size
94' x 108'
Taxes
$6,546 (2023)
Parking Spaces
10
Washrooms
5
Air Conditioning
Yes
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Listing contracted with Keller Williams Lifestyles
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