CAD$869,999 Sale

22 Palace St

London, Ontario, N6B3A6

4+424| 2634 sqft

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Summary

ID40566474
StatusCurrent Listing
Ownership TypeFreehold
TypeResidential House,Detached
RoomsBed:4+4,Bath:2
Square Footage2634 sqft
Land Sizeunder 1/2 acre
AgeConstructed Date: 1989
Listing Courtesy ofCOLDWELL BANKER POWER REALTY, BROKERAGE

Detail

Building
Bathroom Total2
Bedrooms Total8
Bedrooms Above Ground4
Bedrooms Below Ground4
AppliancesDryer,Refrigerator,Stove,Washer
Basement DevelopmentFinished
Construction Style AttachmentDetached
Cooling TypeWall unit
Exterior FinishBrick,Vinyl siding
Fireplace PresentFalse
Foundation TypePoured Concrete
Heating FuelElectric
Heating TypeBaseboard heaters
Size Interior2634.0000
Stories Total2
Utility WaterMunicipal water
Basement
Basement TypeFull (Finished)
Land
Size Total Textunder 1/2 acre
Acreagefalse
AmenitiesPark,Place of Worship,Public Transit,Schools,Shopping
SewerMunicipal sewage system
Surrounding
Community FeaturesCommunity Centre
Ammenities Near ByPark,Place of Worship,Public Transit,Schools,Shopping
BasementFinished,Full (Finished)
FireplaceFalse
HeatingBaseboard heaters

Remarks

Fully renovated licensed legal duplex located in desirable steps to restaurants, parks, trails and walking distance to downtown London. This purpose-built duplex is a Landlord’s dream & is perfect for investors looking for a turnkey property with strong cash flow with a projected cap rate of over 8%. Separate heat, separate hydro and separate water meters! Each unit has their own laundry. Both units have 4 good sized bedrooms and a 4 piece bathroom, a large family room with gas fireplace and separate dining space as well as an eat in kitchen. 4\6 parking spaces located on site. The main floor unit has been fully renovated and is leased on month to month basis and can be vacant as of July 1, 2024, allowing the new Buyer to set their own rents Current market rents for this unit is $3200 plus utilities. Downstairs is vacant and conservative rents per room at $800 + utilities is easily attainable with its proximity to downtown and UWO & Fanshawe College. (id:22211)

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The listing data is deemed reliable but is not guaranteed accurate by Canada Real Estate Association nor RealMaster.

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Location

Province:
Ontario
City:
London
Community:
East F
Street View
Nearby Amenities
Community

Room

Room
Level
Length
Width
Area
Bedroom
Lower
3.15
3.12
9.83
10'4'' x 10'3''
Bedroom
Lower
3.84
3.84
14.75
12'7'' x 12'7''
Bedroom
Lower
4.45
2.95
13.13
14'7'' x 9'8''
Bedroom
Lower
3.38
3.10
10.48
11'1'' x 10'2''
5pc Bathroom
Lower
4.06
1.52
6.17
13'4'' x 5'0''
Kitchen
Lower
4.06
3.30
13.40
13'4'' x 10'10''
Living/Dining
Lower
6.07
6.91
41.94
19'11'' x 22'8''
Bedroom
Main
3.12
3.17
9.89
10'3'' x 10'5''
Bedroom
Main
3.76
3.78
14.21
12'4'' x 12'5''
Bedroom
Main
4.47
3.02
13.50
14'8'' x 9'11''
Bedroom
Main
3.35
2.95
9.88
11'0'' x 9'8''
5pc Bathroom
Main
3.91
1.55
6.06
12'10'' x 5'1''
Kitchen
Main
3.91
3.30
12.90
12'10'' x 10'10''
Living/Dining
Main
6.05
6.81
41.20
19'10'' x 22'4''