$1,499,900
Available - For Sale
Listing ID: X9300234
64 Duchess Ave , London, N6C 1N2, Ontario
| 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 $81,901.84 and a current cap rate of 5.46%, 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. |
| Price | $1,499,900 |
| Taxes: | $6546.02 |
| Tax Type: | Annual |
| Assessment: | $448000 |
| Assessment Year: | 2024 |
| Occupancy by: | Tenant |
| Address: | 64 Duchess Ave , London, N6C 1N2, Ontario |
| Postal Code: | N6C 1N2 |
| Province/State: | Ontario |
| Legal Description: | PT LT 15, BLK D, PL 343(4TH), AS IN 8320 |
| Lot Size: | 93.63 x 107.54 (Feet) |
| Directions/Cross Streets: | DUCHESS AVE & EDWARD STREET |
| Category: | Apartment |
| Use: | Apts-2 To 5 Units |
| Building Percentage: | Y |
| Total Area: | 3067.00 |
| Total Area Code: | Sq Ft |
| Area Influences: | Public Transit Rec Centre |
| Approximatly Age: | 100+ |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Taxes Expense: | $6546 |
| Insurance Expense: | $1997 |
| Heat Expenses: | $3017 |
| Hydro Expense: | $1968 |
| Gross Income/Sales: | $95430 |
| Net Income Before Debt: | $81902 |
| Year Expenses: | 2023 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | Y |
| Washrooms: | 5 |
| Outside Storage: | Y |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | Y |
| Sewers: | San+Storm |
| Water: | Municipal |
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| KELLER WILLIAMS LIFESTYLES |
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Bikramjit Sharma
Broker
Dir:
647-295-0028
Bus:
905 456 9090
Fax:
905-456-9091
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At a Glance:
| Type: | Com - Investment |
| Area: | Middlesex |
| Municipality: | London |
| Neighbourhood: | South F |
| Lot Size: | 93.63 x 107.54(Feet) |
| Approximate Age: | 100+ |
| Tax: | $6,546.02 |
| Baths: | 5 |
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