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22 Palace Street, London, ON, N6B 3A6

MLS® # 40566442
Investment For Sale In Central London, London, Ontario
$869,999
22 Palace Street, London, ON - Outdoor With Facade
22 Palace Street, London, ON - Outdoor With Facade
22 Palace Street, London, ON - Outdoor
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Kitchen
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Kitchen
22 Palace Street, London, ON - Indoor Photo Showing Kitchen
22 Palace Street, London, ON - Indoor Photo Showing Laundry Room
22 Palace Street, London, ON - Indoor
22 Palace Street, London, ON - Indoor Photo Showing Other Room With Fireplace
22 Palace Street, London, ON - Indoor Photo Showing Living Room With Fireplace
22 Palace Street, London, ON - Indoor Photo Showing Living Room With Fireplace
22 Palace Street, London, ON - Indoor Photo Showing Living Room
22 Palace Street, London, ON - Indoor Photo Showing Dining Room
22 Palace Street, London, ON - Indoor Photo Showing Other Room With Fireplace
22 Palace Street, London, ON - Indoor Photo Showing Dining Room
22 Palace Street, London, ON - Indoor
22 Palace Street, London, ON - Indoor Photo Showing Bedroom
22 Palace Street, London, ON - Indoor Photo Showing Bedroom
22 Palace Street, London, ON - Indoor
22 Palace Street, London, ON - Indoor
22 Palace Street, London, ON - Indoor
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Gym Room
22 Palace Street, London, ON - Indoor Photo Showing Bathroom
22 Palace Street, London, ON - Indoor Photo Showing Bathroom
22 Palace Street, London, ON - Outdoor
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Kitchen
22 Palace Street, London, ON - Indoor Photo Showing Kitchen
22 Palace Street, London, ON - Indoor Photo Showing Laundry Room
22 Palace Street, London, ON - Indoor With Fireplace
22 Palace Street, London, ON - Indoor Photo Showing Living Room With Fireplace
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor With Fireplace
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Bathroom
22 Palace Street, London, ON - Outdoor
22 Palace Street, London, ON - Outdoor With Exterior
22 Palace Street, London, ON - Outdoor
22 Palace Street, London, ON - Outdoor
22 Palace Street, London, ON - Outdoor With View
22 Palace Street, London, ON - Outdoor With View
22 Palace Street, London, ON - Outdoor With View
22 Palace Street, London, ON - Outdoor With Facade
22 Palace Street, London, ON - Outdoor With Facade
22 Palace Street, London, ON - Outdoor
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Kitchen
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Kitchen
22 Palace Street, London, ON - Indoor Photo Showing Kitchen
22 Palace Street, London, ON - Indoor Photo Showing Laundry Room
22 Palace Street, London, ON - Indoor
22 Palace Street, London, ON - Indoor Photo Showing Other Room With Fireplace
22 Palace Street, London, ON - Indoor Photo Showing Living Room With Fireplace
22 Palace Street, London, ON - Indoor Photo Showing Living Room With Fireplace
22 Palace Street, London, ON - Indoor Photo Showing Living Room
22 Palace Street, London, ON - Indoor Photo Showing Dining Room
22 Palace Street, London, ON - Indoor Photo Showing Other Room With Fireplace
22 Palace Street, London, ON - Indoor Photo Showing Dining Room
22 Palace Street, London, ON - Indoor
22 Palace Street, London, ON - Indoor Photo Showing Bedroom
22 Palace Street, London, ON - Indoor Photo Showing Bedroom
22 Palace Street, London, ON - Indoor
22 Palace Street, London, ON - Indoor
22 Palace Street, London, ON - Indoor
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Gym Room
22 Palace Street, London, ON - Indoor Photo Showing Bathroom
22 Palace Street, London, ON - Indoor Photo Showing Bathroom
22 Palace Street, London, ON - Outdoor
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Kitchen
22 Palace Street, London, ON - Indoor Photo Showing Kitchen
22 Palace Street, London, ON - Indoor Photo Showing Laundry Room
22 Palace Street, London, ON - Indoor With Fireplace
22 Palace Street, London, ON - Indoor Photo Showing Living Room With Fireplace
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor With Fireplace
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Other Room
22 Palace Street, London, ON - Indoor Photo Showing Bathroom
22 Palace Street, London, ON - Outdoor
22 Palace Street, London, ON - Outdoor With Exterior
22 Palace Street, London, ON - Outdoor
22 Palace Street, London, ON - Outdoor
22 Palace Street, London, ON - Outdoor With View
22 Palace Street, London, ON - Outdoor With View
22 Palace Street, London, ON - Outdoor With View
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Home Insurance - TD Insurance
Get a home insurance quote online for this $869,999 property in London
Provided by TD Insurance

Home Insurance - TD Insurance

Get a home insurance quote online for this $869,999 property in London

Provided by TD Insurance
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ACTIVE
22 Palace Street, London, ON, N6B 3A6
$869,999

Property Information:

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.

Inclusions: Other,Fridge, Stove, Washer And Dryer.

Building Features:

  • Floor Space: 2634 Square Feet

Property Features:

  • Bedrooms: 8
  • Acres Range: < 0.5
  • Basement: None
  • Built in: 1989
  • Construction Materials: Vinyl Siding
  • Cooling: Wall Unit(s)
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 2634 Square Feet
  • Heating: Baseboard, Electric
  • Laundry Features: In-Suite
  • Lot Depth: 94 Feet
  • Lot Features: City Lot, Library, Open Spaces, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, Schools, Shopping Nearby
  • Lot Frontage: 45.25 Feet
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: R3-2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 4

Courtesy of: COLDWELL BANKER POWER REALTY, BROKERAGE

Data provided by: London St. Thomas Association of REALTORS® 342 Commissioners Rd. W., London, Ontario N6J 1Y3
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 22 Palace Street, London, ON, N6B 3A6

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

35 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

35 hot days expected in 2050

55/100

High

ClimateCheck®

Current data

This property, 22 Palace Street , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.5℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

63/100

ClimateCheck®

Current data

This property, 22 Palace Street , experiences 11 significant 2-day storms per year, with about 328.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 404.2mm of precipitation per year.

Precipitation Per Storm

Past
328.5mm
2050
404.2mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 22 Palace Street, London, ON, N6B 3A6

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$103,386.05

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.01 %

High school certificate or equivalent

27.73 %

Apprenticeship trade certificate/diploma

4.17 %

College/non-university certificate

22.71 %

University certificate (below bachelor)

1.46 %

University Degree

34.92 %

Commuter

Travel To Work

By Car

68.02 %

By Public Transit

10.63 %

By Walking

16.14 %

By Bicycle

2.25 %

By Other Methods

2.96 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

70.2 %

Houses

29.8 %

Own Vs. Rent

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