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$ 1,750,000
Est. payment /mo
Price Dropped by $150K
1576 CALEDONIA STREET London East (east H), ON N5W2W7
18 Beds
12 Baths
5,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 - 100000
Square Footage 5,000 sqft
Price per Sqft $350
Subdivision East H
MLS® Listing ID X12137351
Bedrooms 18
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Cooling None
Exterior
Parking Features No
View Y/N Yes
View View
Attached Garage No
Total Parking Spaces 16
Garage No
Private Pool No
Building
Lot Description Landscaped
Story 3
Sewer Sanitary sewer
Listed by THRIVE REALTY GROUP INC.
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