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Last Updated : 640 Days ago
45 Palace Street, London, ON,

45 Palace Street, London MLS Number: 40539267

London, Middlesex, ON, N6B 3A6

$849,000

Status:

  • 6+ Beds
  • 6 Baths
  • Area : 3596 sqft
  • Property Type: Residential Income (Multi-6-9 Unit)
  • Property Taxes : $7977.97 (Tax Year:2023)
  • Listing Courtesy : Keller Williams Lifestyles Realty, Brokerage

45 Palace Street Property 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.

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45 Palace Street Property Facts

Property Type :Residential Income
MLS Number :40539267
Listing Type :Sale
Property Age :100+ Years
Possession Date :
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Last Updated :04 Mar, 2024 (640 Days ago)
Source :LSTAR
Area :Middlesex
City :London
Area Major :South
Area Minor :South F
Postal Code : N6B 3A6
property detail community link icon
Directions :ADELAIDE ST NOTH, CENTRAL AVE WEST, SOUTH ON PALACE STREET

45 Palace Street Property Price & Tax Insights

Price : $849,000
Property Taxes :$7977.97
Tax Year :2023

45 Palace Street, London Property Details

Bedrooms :6 +
Heating :Electric
Bathrooms :6
Approx Square Footage :3596 sqft

45 Palace Street, London - Price History

2024-03

04 Mar, 2024

TREB #40539267

Listed

$849000

45 Palace Street - Location Map and Landmarks

  • London Health Sciences Centre – University, Middlesex 3.65 km
  • London Health Sciences Centre – Children's, Middlesex 3.77 km
  • London Health Sciences Centre – Victoria's, Middlesex 3.77 km
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