MLS Listings
49 Paddington Avenue, London ON N6J 2S5
London, ON, N6J 2S5
Property Specification
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 fully tenanted property offers an 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.
| MLS Number | 40578169 |
| Property Type | Residential Income |
| Building Area | 1441 Square Feet |
| Total Bedrooms | 6 |
| Above Grade Sqf | 1,441 Sq Ft |
| Cooling | Other |
| Heating | Baseboard, Electric |
| LotSizeArea | 3444.45 |
| LotSizeSource | GeoWarehouse |
| LotSizeUnits | Square Feet |
| Parking Spaces | 6 |
| Sewage | Sewer (Municipal) |
Location Map
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Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
Listing courtesy of: EXP REALTY, BROKERAGE
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