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49 Paddington Avenue London, Ontario N6J 2S5

6 Bedroom 3 Bathroom 1441 sqft
Baseboard Heaters

$747,000

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:19173)

Property Details

MLS® Number X8283366
Property Type Business
Community Name South E
Amenities Near By Recreation, Public Transit, Hospital
Equipment Type Water Heater
Features Lighting
Parking Space Total 6
Rental Equipment Type Water Heater
Structure Deck, Porch

Building

Bathroom Total 3
Bedrooms Total 6
Appliances Dishwasher, Dryer, Microwave, Refrigerator, Stove, Two Washers, Two Stoves, Washer, Window Coverings
Basement Development Unfinished
Basement Type N/a (unfinished)
Exterior Finish Concrete, Shingles
Fire Protection Controlled Entry
Foundation Type Block
Heating Fuel Electric
Heating Type Baseboard Heaters
Size Interior 1441 Sqft
Utility Water Municipal Water

Land

Access Type Year-round Access
Acreage No
Fence Type Fenced Yard
Land Amenities Recreation, Public Transit, Hospital
Sewer Sanitary Sewer
Size Depth 98 Ft
Size Frontage 35 Ft
Size Irregular Unit=35 X 98 Ft
Size Total Text Unit=35 X 98 Ft|under 1/2 Acre
Zoning Description R1-4

https://www.realtor.ca/real-estate/26829992/49-paddington-avenue-london-south-e

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