49 Paddington Avenue London, Ontario N6J 2S5
$799,000
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:56889)
Property Details
| MLS® Number | X8283366 |
| Property Type | Business |
| Community Name | SouthE |
| Amenities Near By | Recreation, Public Transit, Hospital |
| Features | Lighting |
| Parking Space Total | 6 |
| Structure | Deck, Porch |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 6 |
| Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Stove, Two Washers, Two Stoves, Washer, Window Coverings |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Exterior Finish | Concrete |
| Fire Protection | Controlled Entry |
| Fireplace Present | Yes |
| Foundation Type | Block |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Size Interior | 1441 Sqft |
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Land Amenities | Recreation, Public Transit, Hospital |
| Sewer | Sanitary Sewer |
| Size Irregular | Unit=35 X 98 Ft |
| Size Total Text | Unit=35 X 98 Ft|under 1/2 Acre |
https://www.realtor.ca/real-estate/26829992/49-paddington-avenue-london-southe
380 Wellington Street, Tower B 6th Floor
London, Ontario N6A 5B5
(866) 530-7737
(647) 849-3180
www.exprealty.ca/
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May 18 2024 05:29:04
Toronto Real Estate Board
Exp Realty, Brokerage