49 PADDINGTON AVENUE

London, Ontario, N6J2S5, Canada

$739,000

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.

EXTRAS: Flat site

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

Last updated on : Tuesday 25th of June 2024 09:00:00 PM

ADDRESS

Street : 49 PADDINGTON AVENUE

City : London

Province : Ontario

Country : Canada

Postal Code : N6J2S5

Open in Google Map

PROPERTY SUMMARY

Property ID : X8363606

Building Type : Triplex

Property Type : Single Family

Bedrooms : 6

Bathrooms : 3

Parking : 4

Similar Properties

Single Family

9 MONKTON CIRCLE

Brampton, Ontario, L6Y0X1

$1,799,000

Beds: 6Baths: 4

property Type: House, Detached

type: Sale

NITIN ANGRISH
3 days ago

DETAILS

Single Family

3916 KOENIG ROAD

Burlington, Ontario, L7M0Z5

$2,089,000

Beds: 6Baths: 6

property Type: House, Detached

type: Sale

DREW WOOLCOTT
1 month ago

DETAILS

Single Family

18 EXMOOR PLACE

London, Ontario, N5X3W2

$2,759,000

Beds: 6Baths: 7

property Type: House, Detached

type: Sale

PAIGE MCCANN
1 day ago

DETAILS

Single Family

7 GIFFORD STREET

Orangeville, Ontario, L9W2S8

$1,349,900

Beds: 6Baths: 3

property Type: House, Detached

type: Sale

ROSS HUGHES
2 days ago

DETAILS

Single Family

3082 TOKALA TRAIL

London, Ontario, N6G0S7

$1,099,000

Beds: 6Baths: 4

property Type: House, Detached

type: Sale

JOSEPH POOKOMBIL
6 days ago

DETAILS

Inquire about this property