31 PALACE Street, London, Ontario, N6B3A7
Welcome to 31 Palace Street, a prime investment opportunity nestled in the heart of downtown's Woodfield district. This fully updated city-licensed duplex boasts two spacious units, each offering 3 bedrooms and 1bathroom, ensuring attractive rental prospects and strong potential for consistent cash flow. With projected rents that could readily cover a $500,000 mortgage, this property is an enticing addition to any investment portfolio. Updates include roof, new flooring, electrical and meticulous maintenance of the property further its appeal, requiring minimal upfront costs and reducing potential risks for investors that set this duplex apart from the competition. A generous lot size of 150 ft depth and R3 zoning provide additional opportunities with development possibilities that offer the potential to maximize returns and unlock even greater value in the future. (id:2471)
- Property Address: 31 PALACE Street, London, Ontario, N6B3A7
- Property Type: Multi-family
- Zoning Description: R3-2
- Title: Freehold
- Acreage: under 1/2 acre
- Sewage Type: Municipal sewage system
- Water Type: Municipal water
- Total Parking Spaces: 4
- Amenities Nearby: Park, Place of Worship, Playground, Public Transit, Schools, Shopping
- Structure Style: Duplex
- Storeys: 2
- Floor Space: 1020
- Building Age: 1978
- Bedrooms: 6
- Bathrooms: 2-Total
- Basement Type: Full (Finished)
- Exterior Type: Brick
- Foundation Type: Poured Concrete
Listing Office: COLDWELL BANKER POWER REALTY, BROKERAGE
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