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:52316)
THRIVE REALTY GROUP INC.
$2,500,000
1576 CALEDONIA STREET, London East, Ontario
18 Bedrooms
12 Bathrooms
Property
MLS® Number: X12137351
Address: 1576 CALEDONIA STREET
City: London East
Exterior: Brick
Utilities
Heating: Hot Water Radiator Heat, Natural Gas
Parking
Parking Spaces: 16
This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.
Property Sale History
Travel and Neighbourhood
73/100Walk Score®
Very Walkable
Wondering what your commute might look like? Get Directions
Location
