$747,000 $4,010 est/mo Sourced by Back At You

49 Paddington Avenue,London, ON N6J 2S5

London ON, N6J 2S5

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Description

Look no further than this fully renovated seperately metered Three Unit income property in Manor Park. This hidden gem 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 including Euston Park and The Coves; which offers an unexpected and welcome disconnect from the intense urban elements. This is perfectly complemented as it offers very close access to the major transportation routes for public transit and is situated near to shopping centres. This property now offers the option to have the upper one bed and one bath unit vacant at possession or the option to have the property come fully tenanted with a projected annual income of $55,000 makiing this property a prime candidate for a cash flowing asset; with over a 6% 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; a reflection almost all the properties applinces being recetly upgraded.

Details

MLS#40578169
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site35
Listing Provided ByEXP REALTY, BROKERAGE | Nathan Blanco

Features

Bed(s)6
Bath(s)3
SQ Feet1,441
BasementY
Story(s)2
Units4
ZoningR1-4
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 2 minutes ago
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN6J 2S5
AreaSouth
SubareaSouth E
Community NameSouth E
School DistrictWestminister; South; Catholic Ce
Elementary SchoolWoodland Heights; Arthur Ford; S
Listing VS Median (in South E)
Price:
$747,000
low | high
Med:
$499,900
83.078982597055% of Average
SqFt:
1,441
low | high
Med:
1,375
54.580152671756% of Average
$ / SqFt:
$518
low | high
Med:
$364
79.866773761714% of Average
On Site:
35
low | high
Med:
85
41.176470588235% of Average
Sourced by Back At You
Listing Updated: May 24, 2024 at 2:45:11 PM PDT