45 Palace Street, London

45 Palace Street, London, ON N6B3A6 Photo 1

3 Photos

45 Palace Street, London, ON N6B3A6 Photo 2
45 Palace Street, London, ON N6B3A6 Photo 3
  • Bedrooms: 6
  • Bathrooms: 6
  • Living area: 3596 sqft
  • MLS®: 40539267
  • Type: Townhouse
  • Added: 87 days ago

Property Details

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. (id:1945)

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Property Information

  • Sewer: Municipal sewage system
  • Cooling: None
  • Heating: Electric, Natural gas
  • Stories: 2
  • Basement: Unfinished, Partial
  • Appliances: Microwave Built-in
  • Directions: ADELAIDE ST NOTH, CENTRAL AVE WEST, SOUTH ON PALACE STREET
  • Living Area: 3596
  • Lot Features: Crushed stone driveway
  • Photos Count: 3
  • Water Source: Municipal water
  • Parking Total: 6
  • Bedrooms Total: 6
  • Common Interest: Freehold
  • Subdivision Name: South F
  • Tax Annual Amount: 7977.97
  • Exterior Features: Brick, Vinyl siding
  • Foundation Details: Brick
  • Zoning Description: R3-2
  • Number Of Units Total: 6
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Nearby Places

Name Type Address Distance
Catholic Central High School (London, Ontario) The new building was a Junior High School with gra... 0.5 km
Catholic Central High School School 450 Dundas St 0.6 km
Banting House National Historic Site Museum 442 Adelaide St N 0.6 km
Banting House in London, Ontario, Canada, it is the house where ... 0.6 km
Flame of Hope (diabetes) The Flame will only be extinguished when a cure fo... 0.6 km
H. B. Beal Secondary School It is named after Herbert Benson Beal, the founder... 0.7 km
London Police Service Police 601 Dundas St 0.7 km
London Police Service Established in 1855 and renamed from the name Lond... 0.7 km
H.B. Beal Secondary School School London 0.8 km
Amici Italian Restaurant Restaurant 350 Dundas St 0.8 km
Crystal Palace Barracks In 1861, the military built an octagonal Crystal P... 0.8 km
London Public Library All locations offer art exhibits, programs for adu... 0.9 km
Similar Townhouses Stat in London
We have found 6 Townhomes that closely match the specifications of the property located at 45 Palace Street with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 679,900 and 888,000, providing a good range for comparison. Moreover, we have also discovered that there are a few open Townhomes in the N6B3A6 postal code area of London Ontario Canada.
45 Palace Street mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 45 Palace Street. The current price of the property is $849,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $679,200. This would result in a monthly mortgage payment of $3,970 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree 50
Bachelor's degree 100
University / Above bachelor level 15
Certificate of Qualification 10
College 145
University degree at bachelor level or above 195

Neighbourhood Marital Status Stat

Married 120
Widowed 10
Divorced 40
Separated 25
Never married 275
Living common law 75
Married or living common law 195
Not married and not living common law 350

Neighbourhood Construction Date

1961 to 1980 90
1981 to 1990 20
1991 to 2000 10
2001 to 2005 10
1960 or before 240
Comparison of 45 Palace Street, London, ON with Nearby Townhouses
Nearby Cities Listings Avg. price
Middlesex Centre 70 $1.254.173
Thames Centre 51 $1.066.330
Strathroy Caradoc 76 $952.412
North Middlesex 52 $817.979
St Thomas 158 $861.041
Ingersoll 54 $936.355
Woodstock 159 $806.950
Stratford 109 $931.357
Popular Cities Listings Avg. price
Waterloo 441 $848.954
Kitchener 738 $961.366
Guelph 392 $930.363
Cambridge 459 $1.049.167
Burlington 832 $1.590.088
Oakville 894 $1.954.637
Milton 431 $1.722.493
Mississauga 1440 $1.329.258
460 Wellington Street Unit 104, London 272 Dundas Street Unit 402, London 900 Burwell Street, Fort Erie 577 St James Street, London 301 Oxford St W, London 450 St James Street, London 551 York Street, London 101 440 Wellington St, London