49 PADDINGTON Avenue , London

6 Bed / 3 Bath / $777,777 / MLS® Listing #:40305927

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Nestled in desirable West Manor Park sits this fully renovated Three Unit building, rented for nearly $5,000 /month (almost $60,000 /year) to great tenants with experienced turnkey property management that wishes to stay on at 5% management fee (6% if including snow removal and yard maintenance). 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. 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, and driveway among others with too much to list! With the option to have the all three units rented at market rent or the option to have the two bedroom unit vacant at close. This turnkey grandfathered in Triplex 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. Offers Anytime! Contact Listing Agent Nathan Blanco at 226.224.1390 or nathan.blanco@exprealty.com any time. He will be available to facilitate showings/answer any questions. (id:10452)

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Property Details

Property Type Triplex
Square Feet 1432.0000
Maintenance N/A
Days On Our Website 6
Basement Unfinished - Partial (Unfinished)
Lot Dimensions under 1/2 acre
Pool N/A
Area London
Air Conditioning Window air conditioner
Heating Electric - Baseboard heaters
Exterior Concrete, Vinyl siding, Shingles
Parking Spaces 7
Sewers Municipal sewage system
Water Municipal water


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