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$739,000
Available - For Sale
Listing ID: X8363606
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.
Price $739,000
Taxes: $2,893.11
Assessment: $336000
Assessment Year: 2023
Address: 49 Paddington Ave , London, N6J 2S5, Ontario
Lot Size: 35 x 95 (Feet)
Acreage: < .50
Directions/Cross Streets: Paddington & Emery
Rooms: 10
Rooms +: 3
Bedrooms: 6
Washrooms: 3
Kitchens: 3
Family Room: Y
Basement: Part Bsmt
Sep Entrance
No. of Pieces Level
Washroom 1:  3 Ground
Washroom 2:  3 2nd
Property Type: Triplex
Style: 2-Storey
Exterior: Concrete
Vinyl Siding
Garage Type: None
(Parking/)Drive: Front Yard
Drive Parking Spaces: 4
Pool: None
Other Structures: Garden Shed
Approximatly Age: 51-99
Approximatly Square Footage: 1100-1500
Fireplace/Stove: N
Heat Source: Electric
Heat Type: Baseboard
Central Air Conditioning: Other
Laundry Level: Lower
Elevator Lift: N
Sewers: Sewers
Water: Municipal
Utilities-Cable: A
Utilities-Hydro: Y
Utilities-Gas: A
Utilities-Telephone: A
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EXP REALTY

49 Paddington Ave , London, N6J 2S5, Ontario

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MD Ashraful Bari
Broker
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647.406.6653
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905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Triplex
Area: Middlesex
Municipality: London
Neighbourhood: South E
Style: 2-Storey
Lot Size: 35.00 x 95.00(Feet)
Approximate Age: 51-99
Tax: $2,893.11
Maintenance Fee: $0
Beds: 6
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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