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  • * $775,000
  • Beds6
  • Baths3
  • SQ. Feet1,441
  • DOW14
$775,000

49 Paddington Avenue, South E in London, ON

This is a Multi-family Listing.

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Out of Service Area ~the South E area~

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49 Paddington Avenue, South E in London

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 fully tenanted property offers an 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:6289)

$775,000
49 Paddington Avenue, London, Ontario

Essential Information

  • MLS® #40578169
  • Price$775,000
  • Price per Sqft538
  • Bedrooms6
  • Bathrooms3.00
  • Square Footage1,441
  • Acres0.00
  • TypeMulti-family
  • Sub-TypeFreehold
  • Days on Website14

Amenities

  • AmenitiesHospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
  • FeaturesShared Driveway
  • Parking Spaces6

Exterior

  • ExteriorConcrete, Vinyl siding, Shingles
  • FoundationBlock

Community Information

  • Address49 Paddington Avenue
  • SubdivisionSouth E
  • CityLondon
  • Postal CodeN6J2S5

Interior

  • AppliancesMicrowave, Window Coverings, Hot Tub
  • HeatingElectric Baseboard heaters
  • # of Stories2

Listing Details

  • Listing OfficeEXP REALTY, BROKERAGE
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