1576 CALEDONIA STREET new Save Request In-Person Tour Request Virtual Tour
London East (east H),ON N5W2W7
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $500
Subdivision East H
MLS Listing ID X12137351
Bedrooms 18
Originating Board London and St. Thomas Association of REALTORS®
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
Heating Hot water radiator heat
Exterior
Parking Features No
View Y/N Yes
View View
Total Parking Spaces 16
Private Pool No
Building
Lot Description Landscaped
Story 3
Sewer Sanitary sewer