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. (id:52373)
| BusinessType | Residential |
| BusinessSubType | Apartments |
| MLS® Number | X9300234 |
| Property Type | Multi-family |
| Community Name | South F |
| AmenitiesNearBy | Public Transit, Recreation |
| ParkingSpaceTotal | 10 |
| BathroomTotal | 5 |
| Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| SizeExterior | 3067 Sqft |
| SizeInterior | 3067 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
| Acreage | No |
| LandAmenities | Public Transit, Recreation |
| SizeDepth | 107 Ft ,6 In |
| SizeFrontage | 93 Ft ,7 In |
| SizeIrregular | Bldg=93.63 X 107.54 Ft |
| SizeTotalText | Bldg=93.63 X 107.54 Ft |
| ZoningDescription | R2-2 |
https://www.realtor.ca/real-estate/27367948/64-duchess-avenue-london-south-f
Contact us for more information
Osman Omar
Salesperson
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
