49 PADDINGTON AVENUE, London, Ontario, N6J2S5
Property TypeSingle Family

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. (id:15069)

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EquipmentWater Heater - ElectricFeaturesFlat site
Parking Spaces4Rental EquipmentWater Heater - Electric
StructureShedTransactionFor sale
Bedrooms Main level6AmenitiesCanopy
AppliancesWater Heater, Dishwasher, Dryer, Microwave, Refrigerator, Stove, Two Washers, Two stoves, Washer, Window CoveringsBasement FeaturesSeparate entrance
BasementPartialExterior FinishVinyl siding, Concrete
Fire ProtectionSmoke DetectorsFoundationBlock
Bathrooms (Total)3Heating FuelElectric
HeatingBaseboard heatersStoreys Total2
TypeTriplexUtility WaterMunicipal water
Size Frontage35 ftSewerSanitary sewer
Size Depth95 ftSize Irregular35 x 95 FT

Listing Office: EXP REALTY

Data Provided by London and St. Thomas Association of REALTORS®

Last Modified :24/06/2024 07:20:07 PM

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