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49 Paddington Avenue London, Ontario N6J 2S5

6 Bedroom 3 Bathroom 1432
Fireplace Window Air Conditioner Baseboard Heaters Landscaped

$777,777

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:45615)

Property Details

MLS® Number 40305927
Property Type Multi-family
Amenities Near By Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features Community Centre, School Bus
Features Park/reserve, Shared Driveway
Parking Space Total 7
Structure Shed, Porch

Building

Bathroom Total 3
Bedrooms Total 6
Appliances Dishwasher, Dryer, Microwave, Refrigerator, Stove, Water Meter, Washer, Microwave Built-in, Hood Fan, Window Coverings, Hot Tub
Basement Development Unfinished
Basement Type Partial (unfinished)
Construction Style Attachment Detached
Cooling Type Window Air Conditioner
Exterior Finish Concrete, Vinyl Siding, Shingles
Fire Protection Smoke Detectors
Fireplace Fuel Electric
Fireplace Present Yes
Fireplace Total 1
Fireplace Type Other - See Remarks
Fixture Ceiling Fans
Foundation Type Block
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Size Interior 1432
Type Triplex
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Fence Type Fence
Land Amenities Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Depth 98 Ft
Size Frontage 35 Ft
Size Total Text Under 1/2 Acre
Zoning Description R1-4

https://www.realtor.ca/real-estate/24742440/49-paddington-avenue-london


NATHAN BLANCO
Salesperson

(226) 224-1390
(647) 849-3180
EXP REALTY, BROKERAGE
380 Wellington Street, Tower B, 6th Floor
London, Ontario N6A 5B5

(866) 530-7737
(647) 849-3180
www.exprealty.ca

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