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49 Paddington Avenue, London, Ontario
For Sale
2 days
CA$799,000
CA$799,000
49 Paddington Avenue, London, Ontario
For Sale
2 days
6 Bedrooms
3 Bathrooms
6 Parking Spaces
Unavailable
1441
Description

Look no further than this fully renovated seperately metered Three Unit income property in Manor Park works as an ideal seemless compliment to exisiting porfolios or as a fresh and friendly advent into the real estate investing world. This property has been creatively designed to keep all the living space of its units above grade; with all units being renovated and all major elements being replaced or upgraded recently; with bonus storage rented units below grade as an additional income stream. Located just West of Wortley Village and surounded by lovely nature spaces offers an unexpected and welcome disconnect from the intense urban elements. This is perfectly complemented as it is very close access to the high energy major transportaion routes for public transit and near to shopping centres. This fully tenanted property offers an annual income of $55,000 this property is a prime candidate for a cash flowing asset and is a 6.5% Cap Rate at asking. The newly renovated basement space allows for additional income with storage units and features new appliances including two washers and two dryers for usage between the tenants. (id:44040)
Property Details

Days on guglu
2 days
MLS®
40578169
Type
Multi-family
Bedroom
6
Bathrooms
3
Year Built
Unavailable
Ownership
Freehold
Sq ft
1441
Lot front
35 ft
Lot depth
98 ft
Property Details
Rooms Info

Features

Swimming Pool
Swimming Pool
Security cameras
Security cameras
Laundry Service
Laundry Service
Water tank
Water tank
WiFi
WiFi
Air conditioning
Air conditioning
Power Back Up
Power Back Up
RO Water System
RO Water System
Location

49 Paddington Avenue, London, Ontario
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John Doe

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John Doe

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John Doe

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The listing data is deemed reliable but is not guaranteed accurate by TRREB or Guglu Homes Inc.
The listing data above is provided under copyright by the Canadian Real Estate Association. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association or Guglu.