Multi-family For Sale 49 Paddington Avenue, London, Ontario

32

	
		Multi-family For Sale	
  
    Active
      
		$749,000	
	
		49 PADDINGTON Avenue, london, Ontario	

	MLS#: 40578169

	EXP REALTY, BROKERAGE

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Summary

Status

Active

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Address

49 PADDINGTON Avenue, london, Ontario

Size

1441.0000

Listing Type

For sale

Property Type

Multi-family

Commercial Type

Triplex

Photos

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Description

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. (id:15472)

Additional Information

Location

Land

Building

Financial

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				City
				london
			  
				Province
				Ontario
			  
				PostalCode
				N6J2S5
			  
				Country
				Canada
			  
				Location Description
				Take Wharncliffe Road South to Emery Street West; Take Emery Street West to Paddington Avenue; Take Paddington Avenue going South (on West Side of Paddington Avenue)
			  
				Subdivision
				South E
			  
				Community Features
				Community Centre, School Bus
			  
				Street Address
				49 PADDINGTON Avenue

				Property TypeMulti-family
			  
				Transaction TypeFor sale
			  
				Ownership TypeFreehold
			  
				MLS #40578169
			  
				Ammenities NearByHospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
			  
				Size Frontage35 ft
			  
				Access TypeRoad access
			  
				AcreageNo
			  
				Land AmenitiesHospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
			  
				Fence TypeFence
			  
				SewerMunicipal sewage system
			  
				Size Depth98 ft
			  
				FeaturesShared Driveway
			  
				Zoning DescriptionR1-4
			  
				Property TypeMulti-family

				Stories Total
				2
			  
				Size Interior
				1441.0000
			  
				Type
				Triplex
			  
				Utility Water
				Municipal water
			  
				Equipment Type
				Water Heater
			  
				Parking Space Total
				6
			  
				Bathroom Total
				3
			  
				Bedrooms Total
				6
			  
				Rental Equipment Type
				Water Heater
			  
				Appliances
				Microwave, Window Coverings, Hot Tub
			  
				Basement Development
				Unfinished
			  
				Basement Type
				Partial (Unfinished)
			  
				Exterior Finish
				Concrete, Vinyl siding, Shingles
			  
				Fireplace Present
				False
			  
				Foundation Type
				Block
			  
				Heating Fuel
				Electric
			  
				Heating Type
				Baseboard heaters
			  
				Structure
				Shed, Porch

				Price
				749000.00
			  
				Listing Contract Date
				2024-04-22
			  
				Lease
				0.00

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Specialists

Brian Oh

B.Comm, FRI, CLO, CRES, ARM®, RI, CCIM, CIPS, ICD.D

Focused Industrial

DIBM, BSKin

604 684 8844 · 704

[email protected]

B.Comm, FRI, CLO, CRES, ARM®, RI, CCIM, CIPS, ICD.D

IIDA, IDC, NCIDQ

604 684 8844 · 702

[email protected]

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