1576 Caledonia Street London East, Ontario N5W 2W7
$2,500,000
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:53488)
Property Details
| MLS® Number | X12137351 |
| Property Type | Multi-family |
| Community Name | East H |
| Amenities Near By | Public Transit, Schools |
| Features | Irregular Lot Size, Flat Site, Lighting |
| Parking Space Total | 16 |
| View Type | View |
Building
| Bathroom Total | 12 |
| Bedrooms Above Ground | 18 |
| Bedrooms Total | 18 |
| Age | 51 To 99 Years |
| Amenities | Separate Heating Controls |
| Appliances | Intercom, Water Heater, Water Meter |
| Basement Features | Separate Entrance |
| Basement Type | N/a |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Schools |
| Landscape Features | Landscaped |
| Sewer | Sanitary Sewer |
| Size Frontage | 97 Ft |
| Size Irregular | 97 Ft ; 110.52 Ft X 182.45 Ft X 97.24 Ft X 162.3 |
| Size Total Text | 97 Ft ; 110.52 Ft X 182.45 Ft X 97.24 Ft X 162.3 |
| Zoning Description | R2-3 |
Utilities
| Cable | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28288191/1576-caledonia-street-london-east-east-h-east-h
Contact Us
Contact us for more information
James Mcguire
Salesperson
660 Maitland Street
London, Ontario N5Y 2V8
(519) 204-5055
Amanda Mcguire
Broker
660 Maitland Street
London, Ontario N5Y 2V8
(519) 204-5055
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May 09 2025 05:01:13
London and St. Thomas Association of REALTORS®
Thrive Realty Group Inc.
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