Sold

64 Duchess Ave, London, Ontario N6C 1N2

$1,499,900 $1,335,000

64 Duchess Ave, London, Ontario N6C 1N2 is Sold and has a listing price of 1,499,900. The property is located in the South London neighbourhood. It's been on the website for 245 Days.

  • Multiplex
    Property Type
  • Residential
    Building Type
  • 7
    Bedrooms
  • 5
    Bathrooms
  • 10
    Parking Spaces
  • MLS ID: 27367949
  • Office Name KELLER WILLIAMS LIFESTYLES
Property Description

Discover this 5 Plex at 64 Duchess Ave, located in the heart of one of Canadas most sought-after neighbourhoods, Wortley Village. This fully tenanted building boasts AAA tenants across two spacious 2-bedroom units and three 1-bedroom units, ensuring steady and reliable income. On-site laundry, 6 hydro meters, 1 water meter, and 1 gas meter adds to the propertys appeal, making it easy to manage and operate. The property holds an active rental license with the City of London. Net Operating Income of $80761.84 and a current cap rate of 5.39%, this is a solid investment in a thriving community with potential for upside! Located on a corner lot in Wortley Village, known for its vibrant atmosphere and voted one of the best neighbourhoods in Canada, this property offers a turn key opportunity to invest in a highly desirable location. The property features modern conveniences with individual temperature control for each unit, allowing tenants to manage their own temperature settings for optimal comfort. With two driveways providing a total of 10 parking spots, parking is ample. Inquire about competitive financing options.

Property Details
  • Virtual Tour: Click Here
  • Bedrooms: 7
  • MLS ID: 27367949
  • Bathrooms: 5
  • Price: $1,499,900
  • Lot Depth: 107.54
  • Lot Front: 93.63
  • Transaction Types: Sold
  • Ref ID: 27367949
  • Year Built: N/A
  • Approx Sqft: 3000-3500
  • Bonus Room: N/A
  • Dir / Cross St: Duchess Ave & Edward Street
  • Status: U
  • Tax Year: 2023
  • Approx Age: 100+
  • Rooms: 7
  • Municipality District: London
  • Building Type: Residential
  • Property Type: Multiplex
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
09/05/2024 X9300237 $1,499,900 Sold 12/09/2024 $1,335,000
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
South London
  • $730,863 Average List Price
    based on 1 year
  • 6 New Listings
    based on 30 days
  • 93 Median Days on Market
    based on 1 year
  • List vs. Selling Price 2.32 % Up
  • Sold (12mo) 76
  • Rented (12mo) 20

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
Property Type Distribution
  • All Houses
    84.15%
  • Commercial
    4.68%
  • Condo
    10.96%
  • Land for Sale
    0.21%
Additional Details
  • Heat Type Radiant
  • Sewers Sewers
  • Heat Source Gas
  • Style 2 1/2 Storey
  • Washroom Type1: 3
  • Basement2 Part Bsmt
  • Parking Spaces: 10
  • Water Municipal
  • Exterior Brick
  • Total Parking Spaces: 10
  • Property Features3 Park
  • Property Features4 Place Of Worship
  • Property Features5 Public Transit
  • Property Features6 Rec Centre
  • Property Features Golf
  • Property Features2 Library
  • Garage: N/A
  • Basement Full
  • Kitchen 5
  • Security Smoke Detectors, Controlled Entry
  • Family Room: Y
  • Physically Handicapped-Equipped: N
  • Area Code: 42
  • Washrooms Type 1 # Pcs: 3
  • Washrooms Type 2 # Pcs: 3
  • Washrooms Type 3 # Pcs: N/A
  • Washrooms Type 4 # Pcs: N/A
  • Washrooms Type 5 # Pcs: N/A
  • Washrooms Type 2: 2
  • Washrooms Type 3: N/A
  • Washrooms Type 4: N/A
  • Washrooms Type 5: N/A
  • Taxes: $6,546
  • Sold Date: 07/12/2024
  • Last Status Sld
  • Original Price: $1,499,900
  • Sold Price: $1,335,000
  • Addl Monthly Fees: $0
  • Telephone Y
  • Days On Market2: 93
  • Type: .m.
  • Exterior Other
  • % Listing Price: 89
  • Possession Remarks: FLEXIBLE
  • Listing Entry Date: 05/09/2024 08:22:09
  • First Open House Date:
  • Possession Date: 26/11/2024 00:00:00
  • Zoning Rmd-456
  • Zoning Y
  • Agent Name: OSMAN OMAR
  • Closed Date: 06/01/2025
  • Last Updated: 09/12/2024 12:34:37
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