22 PALACE Street

London, Ontario, N6B3A6, Canada

$829,999

Fully renovated licensed legal duplex located in desirable steps to restaurants, parks, trails and walking distance to downtown London. This purpose-built duplex is a Landlord’s dream & is perfect for investors looking for a turnkey property with strong cash flow with a projected cap rate of over 8%. Separate heat, separate hydro and separate water meters! Each unit has their own laundry. Both units have 4 good sized bedrooms and a 4 piece bathroom, a large family room with gas fireplace and separate dining space as well as an eat in kitchen. 46 parking spaces located on site. The main floor unit has been fully renovated and is leased on month to month basis and can be vacant as of July 1, 2024, allowing the new Buyer to set their own rents Current market rents for this unit is $3200 plus utilities. Downstairs is vacant and conservative rents per room at $800 + utilities is easily attainable with its proximity to downtown and UWO & Fanshawe College.

Virtual Tour: https://my.matterport.com/show/?m=LGnHtUmj2WM

Last updated on : Thursday 9th of May 2024 09:42:25 AM

ADDRESS

Street : 22 PALACE Street

City : London

Province : Ontario

Country : Canada

Postal Code : N6B3A6

Open in Google Map

PROPERTY SUMMARY

Property ID : 40585743

Building Type : Duplex

Property Type : Multi-family

Bedrooms : 8

Bathrooms : 2

Parking : 4

Similar Properties

Multi-family

105 EAST AVENUE

Hamilton, Ontario, L8N2T6

$1,289,000

Beds: 8Baths: 3

property Type: Other

type: Sale

SONIA AVILA-COUTO
3 days ago

DETAILS

Multi-family

1 BALFOUR PLACE

London, Ontario, N5W4V7

$1,059,000

Beds: 8Baths: 6

property Type: Other

type: Sale

SHERWIN NIKTASH
2 months ago

DETAILS

Multi-family

114 ERB Street W

Waterloo, Ontario, N2L1T5

$999,900

Beds: 8Baths: 3

property Type: Triplex

type: Sale

MIKE MILOVICK
1 week ago

DETAILS

Multi-family

3446 HIGHWAY 3

Norfolk, Ontario, N3Y4J9

$899,900

Beds: 8Baths: 6

property Type: Other

type: Sale

NATHAN LOGANATHAN
1 month ago

DETAILS

Multi-family

145 EMERALD STREET S

Hamilton, Ontario, L8N2V4

$1,249,000

Beds: 8Baths: 7

property Type: Other

type: Sale

CORINNE NEZIC
6 months ago

DETAILS

Inquire about this property