Added 2 months ago
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Type: Multiplex
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Style: 2 1/2 Storey
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Size: 3000 sqft
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Lot Size: 93.63 x 107.54 Feet
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Age: 100+ years
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Taxes: $6,546 per year
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Days on Site: 44 Days
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Added: Sep 05, 2024 (2 months ago)
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Updated:
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Last Checked: 4 hours ago
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MLS®#: X9300237
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Listed By: Keller williams lifestyles
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 $80761.84 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.
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Property
Status: Sale
Property Type: Multiplex
Style: 2 1/2 Storey
Size (sq ft): 3000
Age: 100+
Area: London
Community: South F
Availability Date: FLEXIBLE
Assessment Amount: $448,000
Assessment Year: 2024
Inside
Bedrooms: 7
Bathrooms: 5
Kitchens: 5
Rooms: 23
Den/Family Room: Yes
Air Conditioning: Other
Fireplace: No
Laundry Level: Lower
Washrooms: 5
Utilities
Electricity: Yes
Gas: Yes
Cable: Yes
Telephone: Yes
Building
Basement: Full
Basement 2: Part Bsmt
Heat Type: Radiant
Heat Source: Gas
Exterior: Brick
Exterior: Other
Elevator: N
Green Verification Status: N
Water Supply: Municipal
Physically Handicapped-Equipped: N
Special Designation: Heritage
Other Structures: Garden Shed
Retirement: N
Parking
Driveway: Pvt Double
Garage Type: None
Covered Parking Spaces: 10
Total Parking Spaces: 10
Fees
Tax Year: 2023
Tax Legal Description: PT LT 15, BLK D, PL 343(4TH), AS IN 832098; LONDON
Taxes: $6,546
Highlights
Feature: Golf
Feature: Library
Feature: Park
Feature: Place Of Worship
Feature: Public Transit
Feature: Rec Centre
Land
Cross Street: Duchess Ave & Edward
Municipality District: London
Fronting On: North
Parcel Number: 083890129
Parcel of Tied Land: N
Pool: None
Sewer: Sewers
Lot Depth: 107.54 Feet
Lot Frontage: 93.63 Feet
Acres: < .50
Zoning: R2-2
Additional Media
- Virtual Tour: https://tours.snaphouss.com/64duchessavenuelondonon
Somewhat Walkable
- Some errands can be accomplished on foot.
Good Transit
- Some errands can be accomplished by public transportation.
Very Bikeable
- Most errands can be accomplished on bike.
Wortley Road Public School
Elementary: PublicVictoria Public School
Elementary: PublicSt Martin
Elementary: CatholicTecumseh Public School
Elementary: PublicArthur Ford Public School
Elementary: PublicMountsfield Public School
Elementary: PublicG A Wheable Secondary School
Secondary: PublicWestminster Secondary School
Secondary: PublicLondon South Collegiate Institute
Secondary: PublicLondon Central Secondary School
Secondary: PublicCatholic Central High School
Secondary: CatholicH B Beal Secondary School
Secondary: Public-
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