An excellent investment opportunity: purpose-built, all-brick 12-unit apartment building featuring 6 spacious two-bedroom units and 6 one-bedroom units. This well-maintained property is fully rented with long-term tenants, offering stable cash flow and minimal vacancy risk. Located on a quiet dead-end street, it provides tenants with a peaceful living environment while being just minutes from Fanshawe College and offering quick access to Highway 401ideal for students, commuters, and working professionals alike. With an annual gross rental income of $117,780, this asset delivers solid returns, but there is significant potential to enhance income over time. Current rents are below market, presenting an opportunity for new ownership to gradually increase revenues through natural tenant turnover or strategic updates. A turnkey addition to any investment portfolio, this property combines immediate income with long-term upside in a high-demand rental area. (id:4069)
Address
1576 CALEDONIA STREET
List Price
$2,500,000
Property Type
Multi-family
Type of Dwelling
Other
Area
Ontario
Sub-Area
London East (east H)
Bedrooms
18
Bathrooms
12
Floor Area
2,147,483,647 Sq. Ft.
Lot Size
97 FT ; 110.52 ft x 182.45 ft x 97.24 ft x 162.3 Sq. Ft.
MLS® Number
X12137351
Listing Brokerage
THRIVE REALTY GROUP INC.
Basement Area
N/A
Postal Code
N5W2W7
Zoning
R2-3
Site Influences
Public Transit, Schools, View
Features
Irregular lot size, Flat site, Lighting
Amenities
Separate Heating Controls
