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49 Paddington Avenue, London, ON, N6J 2S5

MLS® # 40578169
Investment For Sale In Southcrest, London, Ontario
$799,000
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
Matterport
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
49 Paddington Avenue, London, ON
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Home Insurance - TD Insurance

Get a home insurance quote online for this $799,000 property in London

Provided by TD Insurance
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49 Paddington Avenue, London, ON, N6J 2S5
$799,000

Property Information:

Look no further than this fully renovated seperately metered Three Unit income property in Manor Park. This hidden gem works as an ideal seemless compliment to exisiting porfolios or as a fresh and friendly advent into the real estate investing world. This property has been creatively designed to keep all the living space of its units above grade; with all units being renovated and all major elements being replaced or upgraded recently; with bonus storage rented units below grade as an additional income stream. Located just West of Wortley Village and surounded by lovely nature spaces including Euston Park and The Coves; which offers an unexpected and welcome disconnect from the intense urban elements. This is perfectly complemented as it offers very close access to the major transportation routes for public transit and is situated near to shopping centres. This fully tenanted property offers an annual income of $55,000 makiing this property a prime candidate for a cash flowing asset; with over a 6% Cap Rate at asking. The newly renovated basement space allows for additional income with storage units and features new appliances including two washers and two dryers for usage between the tenants; a reflection almost all the properties applinces being recetly upgraded.

Inclusions: Carbon Monoxide Detector,Hot Tub,Hot Tub Equipment,Microwave,Smoke Detector,Window Coverings,Other,3 Stoves; 3 Refridgerators; 1 Microwave; 2 Dishwashers; 1 Dryer; 1 Washer; 4 Portable Ac Units; Smoke & Carbon Monoxide Detectors; Garbage Bin Enclosure; Window Coverings

Exclusions : Tenant Owned Items; Content Of Lower Level Storage Units

Building Features:

  • Floor Space: 1441 Square Feet

Property Features:

  • Bedrooms: 6
  • Acres Range: < 0.5
  • Basement: Other, Partial, Unfinished
  • Construction Materials: Concrete, Shingle Siding, Vinyl Siding
  • Cooling: Other
  • Driveway Parking: Front Yard Parking, Private Drive Single Wide
  • Exterior Features: Controlled Entry, Landscaped, Lighting, Private Entrance, Recreational Area
  • Fencing: Full
  • Floor Space (approx): 1441 Square Feet
  • Heating: Baseboard, Electric
  • Interior Features: Separate Hydro Meters
  • Laundry Features: Common Area, Shared
  • Lot Depth: 98 Feet
  • Lot Features: Rectangular, Ample Parking, Business Centre, Hospital, Open Spaces, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby, Trails, Other
  • Lot Frontage: 35.00 Feet
  • Other Structures: Shed(s), Other
  • Parking Features: Mutual/Shared
  • Road Frontage Type: Public Road, Year Round Road
  • Road Surface Type: Paved
  • Roof: Asphalt Shing
  • Security Features: Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s)
  • Water Source: Municipal
  • Window Features: Window Coverings
  • Zoning: R1-4
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 6

Courtesy of: EXP 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 49 Paddington Avenue, London, ON, N6J 2S5

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

34 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

34 hot days expected in 2050

54/100

High

ClimateCheck®

Current data

This property, 49 Paddington Avenue , 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 34 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.5℃

# Hot Days Per Year

Past
7
2050
34

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, 49 Paddington Avenue , experiences 11 significant 2-day storms per year, with about 328.2mm 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 402.9mm of precipitation per year.

Precipitation Per Storm

Past
328.2mm
2050
402.9mm

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 49 Paddington Avenue, London, ON, N6J 2S5

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$99,955.01

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.25 %

High school certificate or equivalent

29.52 %

Apprenticeship trade certificate/diploma

3.77 %

College/non-university certificate

22.67 %

University certificate (below bachelor)

1.31 %

University Degree

28.49 %

Commuter

Travel To Work

By Car

80.13 %

By Public Transit

5.54 %

By Walking

7.23 %

By Bicycle

1.9 %

By Other Methods

5.2 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

16.69 %

Houses

83.31 %

Own Vs. Rent

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