$829,999
FOR SALE

Duplex

Bedrooms: 4+4Bathrooms: 2

22 Palace Street
London, ON N6B 3A6

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 Landlords 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:47421)
Share
Listed By COLDWELL BANKER POWER REALTY, Brokerage
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8322168
Last Updated May 31, 2024
Property Summary
Property Type Duplex

More like this:
Community EastF
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Bedrooms 4+4
Bathrooms 2
Amenities Nearby Park, Place of Worship, Schools
Listing Contract Date 2024-05-09
# of Parking Spaces 4
Property Type Single Family
Transaction Type For sale
Building
Appliances Dryer, Refrigerator, Stove, Two Washers, Two stoves, Washer
Cooling Type Wall unit
Exterior Finish Vinyl siding, Brick
Foundation Type Poured Concrete
Heating Fuel Electric
Heating Type Baseboard heaters
Stories Total 2
Type Duplex
Utility Water Municipal water
Land
Total Size 45.25 x 94 FT ; 94.24 x 45.41 ft x 94.23 ft x 45.41 ft | under 1/2 acre
Amenities Park, Place of Worship, Schools
Sewer Sanitary sewer
Size of Irregular Land 45.25 x 94 FT ; 94.24 x 45.41 ft x 94.23 ft x 45.41 ft

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)