64 Duchess

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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 $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.

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Additional media

https://tours.snaphouss.com/64duchessavenuelondonon

Property taxes

$6,546.02 per year / $545.50 per month

Basement

Full

Basement

Part Bsmt

Year build

100+

Type

Multiplex

Bedrooms

7

Bathrooms

5

Parking spots

10.0 Total

Floor

-

Balcony

-

Pool

None

External material

Brick

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Radiant

Fire place(s)

N