45 Palace Street London, Ontario N6B 3A6
$849,000
6-Unit Property in Woodfield, London Investor's dream in Woodfield neighborhood! Discover a meticulously maintained 6-unit residential property in the heart of London, Ontario. This stately building is situated on a quiet street and offers an incredible opportunity for savvy investors. Property Highlights: Prime Location: Located in the historic Woodfield neighborhood, known for its charm and proximity to downtown London. Enjoy the perfect blend of tranquility and convenience, with local parks, shops, and dining options just moments away. Income Potential: With six units in total, this property presents a rare chance to invest in a stable building. Two fully renovated units feature upscale finishes, appealing to tenants with a taste for modern living. Tenant Stability: Four units are occupied by long-term tenants, ensuring consistent rental income from day one. This established tenant base provides an immediate return on investment. Ample Parking: The property offers dedicated parking for six vehicles, a valuable feature that tenants will appreciate. This convenience adds to the property's overall appeal. Architectural Charm: The building's stately exterior exudes classic elegance, setting it apart in the neighborhood and adding to its desirability. Investment Opportunity: This property is a smart addition to any investor's portfolio. The two fully renovated units command premium rents, and the potential for rent increases in the remaining units offers attractive long-term upside. Woodfield's reputation ensures a consistent demand for rental properties, making this an opportunity not to be missed. Don't miss out on this chance to own a prestigious property in the coveted Woodfield neighborhood. Contact us today to schedule a viewing and explore the potential of this remarkable investment opportunity. (id:51211)
Property Details
| MLS® Number | 40539267 |
| Property Type | Multi-family |
| Amenities Near By | Park, Public Transit, Schools, Shopping |
| Equipment Type | Water Heater |
| Features | Crushed Stone Driveway |
| Parking Space Total | 6 |
| Rental Equipment Type | Water Heater |
| Structure | Porch |
Building
| Bathroom Total | 6 |
| Bedrooms Total | 6 |
| Age | Age Is Unknown |
| Appliances | Microwave Built-in |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Brick |
| Heating Fuel | Electric, Natural Gas |
| Stories Total | 2 |
| Size Interior | 3596 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 148 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R3-2 |
https://www.realtor.ca/real-estate/26508333/45-palace-street-london
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April 02 2024 05:48:01
London and St. Thomas Association of REALTORS®
Keller Williams Lifestyles Realty, Brokerage