22 Palace St, London, Ontario N6B 3A6
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Highlights
Estimated ValueThis is the price Wahi expects this property to sell for.
The calculation is powered by our Instant Home Value Estimate, which uses current market and property price trends to estimate your home’s value with a 90% accuracy rate.$662,000*
Price/Sqft$315/sqft
Days On Market9 days
Est. Mortgage$3,564/mth
Tax Amount (2023)$4,500/yr
Description
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. 46 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.
Property Details
Interior
Features
Main Floor
Living Room/Dining Room
6.05 x 6.81Kitchen
3.91 x 3.30Bathroom
3.91 x 1.555+ Piece
Bedroom
3.35 x 2.95Exterior
Features
Parking
Garage spaces -
Garage type -
Total parking spaces 4
Property History
35
50
50
