22 PALACE Street No longer available

London, East F, N6B 3A6

$799,900

Description

Listed by COLDWELL BANKER POWER REALTY.

Fully renovated licensed legal duplex located in desirable Woodfield steps to restaurants, parks, trails and walking distance to downtown London. multiple options available with both units currently vacant. 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. 46 parking spaces located on site. Both units are FULLY VACANT allowing the new Buyer to set their own rents Current market rents for EACH unit is $3200 plus utilities is easily attainable with its proximity to downtown and UWO & Fanshawe College.

Location

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  • Address: 22 PALACE Street
  • Neighborhood: East F
  • City: London
  • State: Ontario
  • Postal Code: N6B 3A6

Property Video

Property Details

  • Property ID: X9051374
  • Property Price: $799,900
  • Style: Duplex, 2-Storey
  • Sq/Ft: 2500-3000
  • Rooms: 8+8
  • Bedrooms: 4+4
  • Bath: 2
  • Parking Spaces: 4
  • Year Built: 31-50
  • A/C: Wall Unit
  • Den: N
  • Elevator: N
  • Exterior: Brick, Vinyl Siding
  • Heating: Baseboard
  • Fireplace: N
  • Taxes: $4,500.39 (2023)
  • Acreage: < .50 Acres
  • Lot: 94.00x45.25 (Feet) - 94.24 x 45.41 ft x 94.23 ft x 45.41 ft

Room details and dimensions

Statistics for similar Duplex homes in East F

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Duplex homes in East F

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Duplex homes in East F

Property History

This property has been sold 15 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100