1576 CALEDONIA STREET, London East (East H), Ontario, N5W 2W7

$1,900,000

MLS® # X12137351

Investment For Sale In Argyle, London East (East H), Ontario

$1,900,000

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Amenities: Separate Heating Controls
  • Basement Type: N/A
  • Exterior Finish: Brick
  • Fire Protection: Smoke Detectors
  • Floor Space: 5000 - 100000 sqft
  • Foundation Type: Concrete
  • Cooling Type: None
  • Appliances: Intercom, Water meter

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 18
  • Bathrooms: 12
  • Amenities Nearby: Public Transit, Schools
  • Features: Irregular lot size, Flat site, Lighting
  • Floor Space (approx): 5000 - 100000 Square Feet
  • Irregular: Yes
  • Landscape Features: Landscaped
  • Lot Frontage: 97 Feet
  • Lot Size: 97 FT ; 110.52 ft x 182.45 ft x 97.24 ft x 162.3
  • Utility Type: Cable - Available, Sewer - Installed, Hydro - Installed
  • View Type: View
  • Zoning: R2-3
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 16

Courtesy of: THRIVE REALTY GROUP INC.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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