




This 11-bedroom, 7-bathroom multi-family in London East offers 5,000 sqft of living area. 2 storeys. The property has lot dimensions of 56 x 77.4 FT. The home features baseboard heaters, forced air, not known, not known, electric, natural gas heating, a unfinished basement. Highlights include a 2-car garage.
Presenting an opportunity to acquire a 7-unit multifamily property package in the heart of downtown London. This offering includes both a triplex and a fourplex, providing immediate cash flow with long-term value-add potential. The unit mix consists of four 2-bedroom units and three 1-bedroom units, appealing to a broad tenant base. Four units have been fully renovated with modern upgrades, delivering strong rental appeal and reduced near-term maintenance, while the remaining three units offer clear upside through cosmetic and functional improvements. Currently operating at a 6.9% cap rate, the property provides solid in-place returns with additional income growth potential as rents are brought to market and value-add improvements are completed. Shared on-site laundry adds tenant convenience while generating supplemental income. Ideally located just steps from London's downtown core, tenants benefit from close proximity to transit, shopping, dining, employment hubs, and post-secondary institutions-factors that support consistent rental demand and low vacancy. For investors seeking a balance of stability and upside, this asset offers a compelling opportunity to acquire a partially renovated multifamily property with multiple pathways to grow both equity and cash flow at a STEAL of a price! (id:60351)
Refrigerator x7 / Stove x7 / Hot Water Tank x1
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| Date | Event | MLS# | Price | Change |
|---|---|---|---|---|
| Jan 6, 2026 | Listed For Sale | X12665316 | $999,900 | — |
MLS data tracked by our system. Earlier records or land registry transfers may not be shown.
Listed by JUSTIN KONIKOW, PRIME REAL ESTATE BROKERAGE
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Listing represented by JUSTIN KONIKOW, PRIME REAL ESTATE BROKERAGE · MLS# X12665316
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.