49 Paddington Avenue, London, Ontario  N6J 2S5 - Photo 1 - X8283366

49 Paddington Avenue
London, Ontario N6J 2S5

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. (id:15265)

$799,000 For sale

MLS® Number
SQ Footage
1441 sqft
Baseboard Heaters

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Property Details

MLS® Number X8283366
Property Type Business
Community Name SouthE
Amenities Near By Recreation, Public Transit, Hospital
Features Lighting
Parking Space Total 6
Structure Deck, Porch


Access Type Year-round Access
Acreage No
Land Amenities Recreation, Public Transit, Hospital
Sewer Sanitary Sewer
Size Irregular Unit=35 X 98 Ft
Size Total Text Unit=35 X 98 Ft|under 1/2 Acre


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
Fire Protection Controlled Entry
Fireplace Present Yes
Foundation Type Block
Heating Fuel Electric
Heating Type Baseboard Heaters
Size Interior 1441 Sqft
Utility Water Municipal Water

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Ken Daly

Sales Representative

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rana el saharty

Rana El Saharty

Sales Representative

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