$799,000
FOR SALE

Investment

Lot: 35 x 98 ftTotal Area: 1,441 ft2
2021 Taxes: $2,893.11Maintenance Fees: $1,200

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 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 offers an unexpected and welcome disconnect from the intense urban elements. This is perfectly complemented as it is very close access to the high energy major transportaion routes for public transit and near to shopping centres. This fully tenanted property offers an annual income of $55,000 this property is a prime candidate for a cash flowing asset and is a 6.5% 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.
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Listed By EXP REALTY, Brokerage
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8283366
Last Updated May 01, 2024
Property Summary
Property Type Investment

More like this:
PIN 083980342
Legal Description LT 178, PL 488 ; LONDON/WESTMINSTER
Occupancy Tenant
Possession Date Close By Ju...
Taxes (2021) $2,893.11
Maintenance Fees $1,200
Assessment (2023) $336,000
Directions/Cross Streets Emery Street West
Neighbourhood South E
Area Middlesex
Price History

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Detailed Information
Bathrooms 3
Lot 35 x 98 ft
Total Area 1,441 ft2
Approximate Age 51-99
Air Conditioning Other
Basement Y
Chattels Y
Garage Type None
Parking Spaces 6
Heat Type Baseboard
Financial Statement Y
Hydro Expense $1,200
Insurance Expense $1,200
Management Expense $3,632
Operating Expenses $9,486
Expenses Actual/Estimated Est
Area Influences Public Transit, Rec Centre
Sewers Sewers
Water Municipal
Zoning R1-4
Seller Property Info Statement Y

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