49 PADDINGTON AVENUE

London, Ontario, N6J2S5, Canada

$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.

EXTRAS: Lighting

Virtual Tour: https://my.matterport.com/show/?m=jmK6R59rMej

Last updated on : Sunday 19th of May 2024 12:00:00 AM

ADDRESS

Street : 49 PADDINGTON AVENUE

City : London

Province : Ontario

Country : Canada

Postal Code : N6J2S5

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PROPERTY SUMMARY

Property ID : X8283366

Property Type : Business

Bedrooms : 6

Bathrooms : 3

Parking : 6

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