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49 Paddington Avenue London, Ontario N6J 2S5

6 Bedroom 3 Bathroom
Baseboard Heaters

$739,000

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:51356)

Property Details

MLS® Number X8363606
Property Type Single Family
Community Name SouthE
Equipment Type Water Heater - Electric
Features Flat Site
Parking Space Total 4
Rental Equipment Type Water Heater - Electric
Structure Shed

Building

Bathroom Total 3
Bedrooms Above Ground 6
Bedrooms Total 6
Amenities Canopy
Appliances Water Heater, Dishwasher, Dryer, Microwave, Refrigerator, Stove, Two Washers, Two Stoves, Washer, Window Coverings
Basement Features Separate Entrance
Basement Type Partial
Exterior Finish Vinyl Siding, Concrete
Fire Protection Smoke Detectors
Foundation Type Block
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Type Triplex
Utility Water Municipal Water

Parking

Tandem

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 95 Ft
Size Frontage 35 Ft
Size Irregular 35 X 95 Ft
Size Total Text 35 X 95 Ft|under 1/2 Acre

Utilities

Cable Available
Sewer Installed

https://www.realtor.ca/real-estate/26931034/49-paddington-avenue-london-southe

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