22 Palace Street, London, Ontario N6B 3A6

Listed for:
$829,999
8 beds
2 baths
Listed 10 days ago
Duplex for rent: 22 Palace Street, London, Ontario N6B 3A6

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Learn more about this property
Listing provided by:
COLDWELL BANKER POWER REALTY, BROKERAGE
MLS® number:
X8322168
Agent:
Calum Angus
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About

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 Landlords 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. (id:27476)

Property Highlights

Type
Duplex
Cooling type
Wall unit
Heating fuel
Electric
Fireplace
Yes
Construction material
Vinyl siding, Brick
Parking space
4
Ownership Type
Amenities nearby
Park, Place of Worship, Schools

Location

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