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.
PT LT 15, BLK D, PL 343(4TH), AS IN 832098; LONDON
Occupancy
Tenant
Possession Date
FLEXIBLE
Taxes (2023)
$6,546.02
Tax Type
Annual
Assessment (2024)
$448,000
Directions/Cross Streets
DUCHESS AVE & EDWARD STREET
Neighbourhood
South F
Area
Middlesex
Price History
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Detailed Information
Freestanding
Y
Bathrooms
5
Lot
93.63 x 107.54 ft
Total Area
3,067 ft2
Approximate Age
100+
Air Conditioning
Y
Basement
Y
Chattels
Y
Garage Type
Outside/Surface
Parking Spaces
10
Heat Type
Gas Hot Water
Financial Statement
Y
Gross Income/Sales
$95,430
Net Income Before Debt
$81,902
Hydro Expense
$1,968
Heat Expenses
$3,017
Insurance Expense
$1,997
Taxes Expense
$6,546
Year Expenses
$2,023
Expenses Actual/Estimated
Act
Outside Storage
Y
Area Influences
Public Transit, Rec Centre
Sprinklers
Y
Sewers
San+Storm
Utilities
Y
Water
Municipal
Survey
N
Lot/Bldg/Unit Code
Building
Zoning
R2-2
Seller Property Info Statement
N
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