paddington ave

6 Bedroom House has been listed for sale at 49 Paddington Avenue in London for $799,000. Chat with a local expert, book a tour.

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49 Paddington Ave

49 Paddington Avenue, For Sale in London - Zoocasa

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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 fully tenanted property offers an 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:15898)

Nestled In Desirable West Manor Park Sits This Fully Renovated Three Unit Building, That Wil Be Rented For Appoximately $5,085/Month ($61,020 /Year; With Option To Rent Portion Of Basement As Contractor Storage For Approximately$200/ Mo Bringing The Monthly Income To $5285 And Annual Income To $63,420) To Great Tenants With Experienced Turnkey Property Management That Wishes To Stay On At 8% Management Fee.  All Three Units Are Very Spacious (A 3 Bedroom, 2 Bedroom & 1 Bedroom Unit) And Are Tastefully Appointed Fully-Above Grade (No Basement Apartments)! This Property Includes Four Hydro Meters, One For Each Unit Plus One For Common Elements. Full Basement For Laundry & Storage (With Option For Seperate Area For Owner Storage).   The Manor Park Neighborhood Is A Beautiful Hidden Gem In London With Walking Trails, Friendly Neighbors And Everything Within Walking Distance! Ample Parking, On-Site Laundry, A Private Outdoor Space (A Mini Oasis With A Hot Tub Included With The Sale Of The Property), And Updated Elements Inside And Out. Located Just West Of Wortley Village And Surrounded By Lovely Nature Spaces 49 Paddington Avenue Delivers On Many Levels. All Important Elements Are Newly Renovated - New Roof Completed In 2022 Along With New Windows, Vinyl Siding, Eavestroughs, Luxury Vinyl Plank Flooring, Driveway, Paint, Heating, Bathrooms & Kitchens, Plumbing Lines & Drains, Electric, New Main Water Meter & Line, Fence, Deck, Hydraulic Cement Waterproofing, And Driveway Among Others With Too Much To List!  All Three Units Are Rented At Market Rent. This Turnkey Three Unit Property Offers A Superb Place To Call Home And Offset Your Expenses As An Owner/Occupy Opportunity. Equally Enticing Is The Prospect Of Securing This Homestead As A High Performing Income Property; Ideal To Compliment Existing Portfolios Or As A Great Ease Of Entry As A First Investment. Taking Offers Anytime! (Id:15898)

49 Paddington AvenueHouse · London, ON

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