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. |
Price | $1,499,900 |
Taxes: | $6546.02 |
Tax Type: | Annual |
Assessment: | $448000 |
Assessment Year: | 2024 |
Occupancy by: | Tenant |
Address: | 64 Duchess Ave , London, N6C 1N2, Ontario |
Postal Code: | N6C 1N2 |
Province/State: | Ontario |
Legal Description: | PT LT 15, BLK D, PL 343(4TH), AS IN 8320 |
Lot Size: | 93.63 x 107.54 (Feet) |
Directions/Cross Streets: | DUCHESS AVE & EDWARD STREET |
Category: | Apartment |
Use: | Apts-2 To 5 Units |
Building Percentage: | Y |
Total Area: | 3067.00 |
Total Area Code: | Sq Ft |
Area Influences: | Public Transit Rec Centre |
Approximatly Age: | 100+ |
Financial Statement: | Y |
Chattels: | Y |
Franchise: | N |
Taxes Expense: | $6546 |
Insurance Expense: | $1997 |
Heat Expenses: | $3017 |
Hydro Expense: | $1968 |
Gross Income/Sales: | $95430 |
Net Income Before Debt: | $81902 |
Year Expenses: | 2023 |
Expenses Actual/Estimated: | $Act |
Sprinklers: | Y |
Washrooms: | 5 |
Outside Storage: | Y |
Heat Type: | Gas Hot Water |
Central Air Conditioning: | Y |
Sewers: | San+Storm |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
KELLER WILLIAMS LIFESTYLES |
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Type: | Com - Investment |
Area: | Middlesex |
Municipality: | London |
Neighbourhood: | South F |
Lot Size: | 93.63 x 107.54(Feet) |
Approximate Age: | 100+ |
Tax: | $6,546.02 |
Baths: | 5 |