18
Bedrooms
12
Bathrooms
5,000 sqft
Living Area
16
Parking
About This Property
This 18-bedroom, 12-bathroom multi-family in London East offers 5,000 sqft of living area. 3 storeys. The property has lot dimensions of 97 FT ; 110.52 ft x 182.45 ft x 97.24 ft x 162.3. The home features a separate entrance basement. Highlights include a 16-car garage.
MLS Remarks
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:60351)
Property History
MLS# X12137351| Date | Event | MLS# | Price | Change |
|---|---|---|---|---|
| May 9, 2025 | Listed For Sale | X12137351 | $1,900,000 | — |
MLS data tracked by our system. Earlier records or land registry transfers may not be shown.
Overview
Property Typeresidential
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