New Listing
582 Princess Avenue, London
$699,900 - 6 Beds, 3 Baths, 3,000 Sf
MLS® # 40576596
THE AGENCY REAL ESTATE
22 Palace Street, London
$869,999
8 Beds
2 Baths
2,634 Sqft
0 Acres
0 Garages
Fully renovated licensed legal duplex located in desirable steps to restaurants, parks, trails and walking distance to downtown London. This purpose-built duplex is a Landlord’s dream & is perfect for investors looking for a turnkey property with strong cash flow with a projected cap rate of over 8%. Separate heat, separate hydro and separate water meters! Each unit has their own laundry. Both units have 4 good sized bedrooms and a 4 piece bathroom, a large family room with gas fireplace and separate dining space as well as an eat in kitchen. 4\6 parking spaces located on site. The main floor unit has been fully renovated and is leased on month to month basis and can be vacant as of July 1, 2024, allowing the new Buyer to set their own rents Current market rents for this unit is $3200 plus utilities. Downstairs is vacant and conservative rents per room at $800 + utilities is easily attainable with its proximity to downtown and UWO & Fanshawe College.
Essential Information
MLS® #40566474
Price$869,999
Bedrooms8
Bathrooms2.00
Full Baths2
Square Footage2,634
Year Built1989
TypeResidential
Sub-TypeSingle Family Residence
StyleTwo Story
StatusActive
Community Information
Address22 Palace Street
AreaEast
SubdivisionEast F
CityLondon
CountyMiddlesex
ProvinceON
Postal CodeN6B 3A6
Amenities
Parking Spaces4
Interior
Interior FeaturesOther
HeatingBaseboard, Electric
CoolingWall Unit(s)
Has BasementYes
BasementFull, Finished
FireplaceYes
FireplacesGas
Appliances
Dryer, Refrigerator, Stove, Washer
Exterior
RoofAsphalt Shing
ConstructionVinyl Siding
FoundationPoured Concrete
Lot Description
Urban, City Lot, Library, Park, Place of Worship, Public Transit, Rec./Community Centre, Schools, Shopping Nearby
Additional Information
Days on Market21
Listing Details
Office
COLDWELL BANKER POWER REALTY, BROKERAGE
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