$739,000
FOR SALE

Triplex 2-Storey

Bedrooms: 6Bathrooms: 3Lot: 35 x 95 ft
2023 Taxes: $2,893.11

49 Paddington Ave
London, ON N6J 2S5 | South E | Middlesex

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.
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Listed By EXP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8363606
Last Updated Jun 04, 2024
Property Summary
Property Type Triplex

More like this:
PIN 083980342
Legal Description LT 178, PL 488 ; LONDON/WESTMINSTER
Possession Date Ideal -June 24
Taxes (2023) $2,893.11
Assessment (2023) $336,000
Directions/Cross Streets Paddington & Emery
Neighbourhood South E
Area Middlesex
Price History

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Detailed Information
Fronting On W
Special Designations Unknown
Bedrooms 6
Bathrooms 3
Rooms 10+3
Kitchens 3
Lot 35 x 95 ft
Acreage <.50
Approximate Square Footage 1100-1500
Approximate Age 51-99
Exterior Concrete, Vinyl Siding
Elevator N
Air Conditioning Other
Family Room Y
Fireplace/Stove N
Pool None
Laundry Level Lower
Basement Part Bsmt, Sep Entrance
Drive Front Yard
Garage Spaces 0.0
Garage Type None
Parking Spaces 4
Total Parking Spaces 4.0
Retirement N
Heat Source Electric
Heat Type Baseboard
Other Structures Garden Shed
Sewers Sewers
Utilities-Hydro Y
Utilities-Gas A
Utilities-Cable A
Utilities-Telephone A
Water Municipal
Seller Property Info Statement N
Bathrooms
Pieces Level
3Ground
32nd

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