49 Paddington Avenue, London, Ontario N6J 2S5
$749,000
- 6Bedrooms
- 3Bathrooms
- 6Parking Space(s)
Shed, Porch
2
Freehold
Description
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:41195)
Details
Shared Driveway
Building
3
Concrete, Vinyl siding, Shingles
Block
Baseboard heaters
Triplex
Municipal water
Municipal sewage system
Partial (Unfinished)
Presented By
Presented By:
SUTTON PREFERRED
181 COMMISSIONERS ROAD WEST, London ON N6J1X9
Office: (519) 438-2222
Fax: (519) 438-1886
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May 16 2024 11:50:04
London and St. Thomas Association of REALTORS®
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Working with Sheri Beckett made dealing with my father’s estate sale a breeze. Sheri was able to assess the home on very short notice and then stayed abreast of the market in order to be prepared to sell as soon as possible when probate was granted. Sheri is extremely knowledgeable – she comes well prepared with market insights to assist with your decision making. She is flexible with her schedule, always on-time and has excellent communication skills which enabled me to better understand the various agreements throughout the process. Thank-you Sheri and Team Beckett for a smooth sale after five days on the market.
Alexandra Auestad
Alexandra Auestad
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Just a note to let you know how pleased we are with the service Ty offer as our real estate agent. It’s great to be kept informed as to what is happening in the current market and also changes that may affect our future decisions. Your newsletters and periodical calls certainly do keep us informed.
Your efforts in marketing properties we have sold in the past have been efficient and quick, resulting in the price, financing and closing dates we wanted. Purchasing has been made very easy with you finding out our expectations and selecting properties that met those criterias without our having to look after house after house.”
Jim SniderJim Snider
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“We had worked with the Becketts previously so when we decided to look into an investment property, we reached out to them again. They took the time to go over different investment options with us, and helped us figure out which
type of property (and tenant) would be ideal for our specific situation.We looked at a number of properties as a result. The Becketts always made time to work around our schedule and they happily visited all of properties we were interested in seeing (even those on the fringe of our scope). During each visit they answered all of our questions and took the time to clearly explain both the positives and negatives of each.
When it came time to put in an offer, they went above and beyond to ensure we were happy with the offer that was being presented. They went over each portion in detail and made sure the wording was clearly understood by us and communicated to the other party.
We’re very happy with the property we chose with their guidance and they (once again) made each step of the process easy and clear. Their honesty and attention to detail is refreshing. We highly recommend them to anyone considering buying or selling a home or property in Woodstock!”
Mike and Alicia
Mike & Alicia
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Everything went well yesterday and I think the house is in pretty good shape.
Len will be cutting the lawn for the last time on Wednesday and Lexi will be bringing a few last things out.
Thank you Ty for your work on our behalf. You did a great job and we feel
very lucky that we connected with you.
Best wishes,
Pegi
Pegi
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Team Beckett are amazing to deal with, extremely knowledgeable about the market, always available to answer all your questions, totally honest and upfront all the time. This is the second time I have dealt with them and would highly recommend them to anyone wishing to either purchase or sell.
Riette Brooks
Riette Brooks