- Ontario
- London
49 Paddington Ave
CAD$749,000 Sale
49 Paddington AveLondon, Ontario, N6J2S5
636| 1441 sqft
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ID40578169
StatusCurrent Listing
Ownership TypeFreehold
TypeResidential House,Triplex
RoomsBed:6,Bath:3
Square Footage1441 sqft
Land Sizeunder 1/2 acre
Age
Listing Courtesy ofEXP REALTY, BROKERAGE
Detail
Building
Bathroom Total3
Bedrooms Total6
AppliancesMicrowave,Window Coverings,Hot Tub
Basement DevelopmentUnfinished
Exterior FinishConcrete,Vinyl siding,Shingles
Fireplace PresentFalse
Foundation TypeBlock
Heating FuelElectric
Heating TypeBaseboard heaters
Size Interior1441.0000
Stories Total2
Utility WaterMunicipal water
Basement
Basement TypePartial (Unfinished)
Land
Size Total Textunder 1/2 acre
Access TypeRoad access
Acreagefalse
AmenitiesHospital,Park,Place of Worship,Playground,Public Transit,Schools,Shopping
Fence TypeFence
SewerMunicipal sewage system
Surrounding
Community FeaturesCommunity Centre,School Bus
Ammenities Near ByHospital,Park,Place of Worship,Playground,Public Transit,Schools,Shopping
Other
Equipment TypeWater Heater
Rental Equipment TypeWater Heater
StructureShed,Porch
FeaturesShared Driveway
BasementUnfinished,Partial (Unfinished)
FireplaceFalse
HeatingBaseboard heaters
Remarks
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:22211)
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Location
Province:
Ontario
City:
London
Community:
South E