$829,999 $4,456 est/mo Sourced by Back At You

22 Palace Street,London, ON N6B 3A6

London ON, N6B 3A6

Share with a friend

Description

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.

Details

MLS#40585743
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1989
Days On Site21
Listing Provided ByCOLDWELL BANKER POWER REALTY, BROKERAGE | Calum Angus

Features

Bed(s)8
Bath(s)2
SQ Feet2,634
Story(s)2
Units2
ZoningR3-2
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

Request a showing

Request a showing

Loading Form
Listings Checked: 6 seconds ago
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN6B 3A6
AreaEast
SubareaEast F
Community NameEast F
Listing VS Median (in East F)
Price:
$829,999
low | high
Med:
$534,650
85.584259740072% of Average
SqFt:
2,634
low | high
Med:
1,360
98.367501898254% of Average
$ / SqFt:
$315
low | high
Med:
$406
21.170145954278% of Average
On Site:
21
low | high
Med:
66.000000
31.818181818182% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 7:19:51 PM PDT