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45 PALACE ST, London, Ontario, N6B 3A6

MLS® # X8141986
Investment For Sale In Central London, London, Ontario
$849,000
45 Palace St, London, ON - Outdoor With Facade
45 Palace St, London, ON - Outdoor With Exterior
45 Palace St, London, ON - Outdoor With Exterior
45 Palace St, London, ON - Outdoor With Facade
45 Palace St, London, ON - Outdoor With Exterior
45 Palace St, London, ON - Outdoor With Exterior
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Home Insurance - TD Insurance
Get a home insurance quote online for this $849,000 property in London
Provided by TD Insurance

Home Insurance - TD Insurance

Get a home insurance quote online for this $849,000 property in London

Provided by TD Insurance
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45 PALACE ST, London, Ontario, N6B 3A6
$849,000

Property Information:

Investor's dream in Woodfield! Discover a meticulously maintained 6-unit residential property in London, Ontario. Located in the historic Woodfield neighbourhood, known for its charm and proximity to downtown, this stately building offers an incredible opportunity. Property Highlights: Prime Location: Enjoy tranquility and convenience with parks, shops, and dining nearby. Income Potential: Six units, including two fully renovated ones, offer stable rental income. Tenant Stability: Four units are occupied by long-term tenants, ensuring immediate returns. Ample Parking: Dedicated parking for six vehicles adds to the property's appeal. Architectural Charm: The stately exterior exudes classic elegance. Investment Opportunity: Smart addition to any portfolio, with potential for rent increases and consistent demand. Don't miss out on this chance to own a prestigious property in Woodfield. Contact us today! (id:27)

Building Features:

  • Style: Fourplex
  • Building Type: Multi-Family
  • Floor Space: 3596 Square Feet

Property Features:

  • Property Type: Multi-family
  • Amenities Nearby: Public Transit
  • Floor Space (approx): 3596.00 Square Feet
  • Irregular: Yes
  • Lot Size: 50 x 148.25 FT
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 6

Courtesy of: KELLER WILLIAMS LIFESTYLES REALTY, BROKERAGE

REALTOR.ca  

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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 45 PALACE ST, London, Ontario, 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, 45 PALACE ST , 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, 45 PALACE ST , 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 45 PALACE ST, London, Ontario, N6B 3A6

Life Stage

Young Singles

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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