96 Days on Market

45 Palace St, London, Ontario N6B 3A6

$849,000
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Townhouse
-
6
~3596 sqft

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Highlights

Estimated Value$967,000*

Price/Sqft$236/sqft

Days On Market96 days

Est. Mortgage$3,646/mth

Tax Amount (2023)$7,978/yr

*Last updated on: 24/05/18

Description

6-Unit Property in Woodfield, London Investor's dream in Woodfield neighborhood! Discover a meticulously maintained 6-unit residential property in the heart of London, Ontario. This stately building is situated on a quiet street and offers an incredible opportunity for savvy investors. Property Highlights: Prime Location: Located in the historic Woodfield neighborhood, known for its charm and proximity to downtown London. Enjoy the perfect blend of tranquility and convenience, with local parks, shops, and dining options just moments away. Income Potential: With six units in total, this property presents a rare chance to invest in a stable building. Two fully renovated units feature upscale finishes, appealing to tenants with a taste for modern living. Tenant Stability: Four units are occupied by long-term tenants, ensuring consistent rental income from day one. This established tenant base provides an immediate return on investment. Ample Parking: The property offers dedicated parking for six vehicles, a valuable feature that tenants will appreciate. This convenience adds to the property's overall appeal. Architectural Charm: The building's stately exterior exudes classic elegance, setting it apart in the neighborhood and adding to its desirability. Investment Opportunity: This property is a smart addition to any investor's portfolio. The two fully renovated units command premium rents, and the potential for rent increases in the remaining units offers attractive long-term upside. Woodfield's reputation ensures a consistent demand for rental properties, making this an opportunity not to be missed. Don't miss out on this chance to own a prestigious property in the coveted Woodfield neighborhood. Contact us today to schedule a viewing and explore the potential of this remarkable investment opportunity.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~3596 SqFt
Lot Size7,412 SqFt(148.25 x 50)
Parking Spaces6
MLS ®Number40539267
Community NameCentral London
Board NameITSO

Features

Heating: Electric, Natural Gas, Radiator
Basement: Partial, Unfinished

Features

Lot size: 7,412 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Other parking spaces 6

Total parking spaces 6


Property History

Now
Listed for$849,000
96 days on market
history photo preview3
-
Listed for$849,000Expired
— days on market
history photo preview3
Jan 4, 2021
Listed for$750,000Terminated
68 days on market
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Property listed by KELLER WILLIAMS LIFESTYLES REALTY, BROKERAGE, Brokerage
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