22 PALACE Street, London, Ontario — Jeff McFalls, RE/MAX Centre City Realty Inc., Brokerage

Overview

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 Landlord’s 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:6509)

Details

Property

Address: 22 PALACE Street
City: London, Ontario, Canada
Style: 2 Level
Exterior: Brick, Vinyl siding
MLS® Number: 40566474

Financial

Status: For Sale
List Price: $869,999

Rooms

Bedrooms: 8
Bathrooms: 2
Basement: Finished, Full

Parking

Type: 4

Utilities

Central Air: Wall unit
Heat Type: Baseboard heaters, Electric
Waste Water: Municipal sewage system

Calculators

Nearby Schools

Name	Address	Phone	Type
Blessed Sacrament Separate School Enrolment: 345 Address: 123 Anywhere St., Markham Phone: (519) 675-4411 Type: Catholic	1063 Oxford St E	(519) 675-4411	Catholic
St Mary School Enrolment: 225 Address: 123 Anywhere St., Markham Phone: (519) 675-4423 Type: Catholic	347 Lyle St	(519) 675-4423	Catholic
St Michael Separate School Enrolment: 270 Address: 123 Anywhere St., Markham Phone: (519) 675-4424 Type: Catholic	926 Maitland St	(519) 675-4424	Catholic
St. John French Immersion School Enrolment: 510 Address: 123 Anywhere St., Markham Phone: (519) 675-4420 Type: Catholic	1212 Coronation Drive Dr	(519) 675-4420	Catholic
Aberdeen Public School Enrolment: 210 Address: 123 Anywhere St., Markham Phone: (519) 452-8010 Type: Public	580 Grey St	(519) 452-8010	Public
East Carling Public School Enrolment: 430 Address: 123 Anywhere St., Markham Phone: (519) 452-8050 Type: Public	814 Quebec St	(519) 452-8050	Public
Jeanne-Sauvé Public School Enrolment: 310 Address: 123 Anywhere St., Markham Phone: (519) 452-8250 Type: Public	215 Wharncliffe Rd N	(519) 452-8250	Public
Knollwood Park Public School Enrolment: 235 Address: 123 Anywhere St., Markham Phone: (519) 452-8290 Type: Public	70 Gammage St	(519) 452-8290	Public
Lester B Pearson School for the Arts Enrolment: 280 Address: 123 Anywhere St., Markham Phone: (519) 452-8300 Type: Public	795 Trafalgar St	(519) 452-8300	Public
Lord Roberts Public School Enrolment: 300 Address: 123 Anywhere St., Markham Phone: (519) 452-8330 Type: Public	440 Princess Ave	(519) 452-8330	Public
Old North Public School Public School Enrolment: 530 Address: 123 Anywhere St., Markham Phone: (519) 452-8520 Type: Public	940 Waterloo St	(519) 452-8520	Public
St Georges Public School Enrolment: 380 Address: 123 Anywhere St., Markham Phone: (519) 452-8530 Type: Public	782 Waterloo St	(519) 452-8530	Public

Name	Address	Phone	Type
Catholic Central High School Enrolment: 1035 Address: 123 Anywhere St., Markham Phone: (519) 675-4431 Type: Catholic	450 Dundas St	(519) 675-4431	Catholic
École secondaire catholique École secondaire Monseigneur-Bruyère Enrolment: 265 Address: 123 Anywhere St., Markham Phone: (519) 673-4223 Type: Catholic	920 Huron rue	(519) 673-4223	Catholic
John Paul II Catholic Secondary School Enrolment: 780 Address: 123 Anywhere St., Markham Phone: (519) 675-4432 Type: Catholic	1300 Oxford St E	(519) 675-4432	Catholic
Robarts Provincial School for the Deaf Enrolment: Address: 123 Anywhere St., Markham Phone: (519) 453-4400 Type: Provincial	1515 Cheapside Street	(519) 453-4400	Provincial
Robarts/Amethyst Demonstration Secondary School Enrolment: Address: 123 Anywhere St., Markham Phone: (519) 453-4400 Type: Provincial	1515 Cheapside Street	(519) 453-4400	Provincial
B Davison Secondary School Secondary School Enrolment: 115 Address: 123 Anywhere St., Markham Phone: (519) 452-2880 Type: Public	785 Trafalgar St	(519) 452-2880	Public
G A Wheable Secondary School Enrolment: Address: 123 Anywhere St., Markham Type: Public	70 Jacqueline St		Public
H B Beal Secondary School Enrolment: 1765 Address: 123 Anywhere St., Markham Phone: (519) 452-2700 Type: Public	525 Dundas St	(519) 452-2700	Public
London Central Secondary School Enrolment: 1060 Address: 123 Anywhere St., Markham Phone: (519) 452-2620 Type: Public	509 Waterloo St	(519) 452-2620	Public
London South Collegiate Institute Enrolment: 720 Address: 123 Anywhere St., Markham Phone: (519) 452-2860 Type: Public	371 Tecumseh Ave E	(519) 452-2860	Public
Montcalm Secondary School Enrolment: 920 Address: 123 Anywhere St., Markham Phone: (519) 452-2730 Type: Public	1350 Highbury Ave N	(519) 452-2730	Public
Thames Valley Alternative Secondary School Enrolment: 170 Address: 123 Anywhere St., Markham Phone: (519) 452-2660 Type: Public	70 Jacqueline St	(519) 452-2660	Public

Neighbourhood

623,095 Homes For Sale
Average Asking Price

2,247 Homes For Lease
Average Asking Price

Disclaimer: Statistics are based on active listings within a 2 km radius.

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Listing Provided By:

COLDWELL BANKER POWER REALTY, BROKERAGE

Listed on: April 8, 2024