Property Details

49 PADDINGTON AVENUE, London, Ontario, N6J2S5

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Listing Representative
Sagheer Chattha

RE/MAX Centre City Realty Inc., Brokerage - London*
Cell: Sagheer: 519-694-1850 | Pal:519-619-9497
Tel: 519- 667-1800

$747,000 - For sale

ID#:X8283366

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:2471)

Location DescriptionEmery Street West

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Property Details
  • Property Address:49 PADDINGTON AVENUE, London, Ontario, N6J2S5
  • Property Type:Business
  • Community Name:SouthE
  • Lot Size:Unit=35 x 98 FT|under 1/2 acre
  • Sewage Type:Sanitary sewer
  • Water Type:Municipal water
  • Access:Year-round access
  • Parking Space Total:6
Structure Details for 49 PADDINGTON AVENUE, London, Ontario, N6J2S5
  • Bedrooms:6
  • Bathrooms:3
  • Floor Space:1441 sqft
  • Heating Type:Electric, Baseboard heaters
  • Basement Type:N/A (Unfinished)
  • Foundation Type:Block
  • Appliances Included:Dishwasher, Dryer, Microwave, Refrigerator, Stove, Two Washers, Two stoves, Washer, Window Coverings
  • Rental Equipment:Water Heater
  • Exterior Type:Concrete, Shingles
Amenities for 49 PADDINGTON AVENUE, London, Ontario, N6J2S5 Lighting
  • Amenities Nearby:Recreation, Public Transit, Hospital
Listing Representative
Sagheer Chattha
Real Estate Broker ABR®️, SRS
RE/MAX Centre City Realty Inc., Brokerage - London*
Cell: Sagheer: 519-694-1850 | Pal:519-619-9497
Tel: 519- 667-1800
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49 PADDINGTON AVENUE, London, Ontario, N6J2S5

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