351 Princess Avenue London East, Ontario N6B 2A7
$1,800,000
Investment Opportunity in the heart of desirable Woodfield! Welcome to 315 Princess Ave, this 10-unit income property offers an excellent opportunity for investors looking to add a solid, established asset to their portfolio. The property features ten 1-bedroom rental units and a 10-car garage, providing both reliable rental income and valuable parking. Generating approximately $157,431 in total revenue and offering a 6.2% cap rate, this property combines strong current performance with long-term investment potential in one of London's most sought-after central neighbourhoods. Several important upgrades have already been completed, including a new hot water boiler in 2019, two owned hot water tanks installed approximately in 2022, 60-amp breaker panels in all units, and a flat roof approximately 6 years old. Coin operated Washer & Dryer on site. With 9 units currently occupied, recent capital improvements, ample garage parking, and a prime Woodfield location close to the amenities, restaurants, shops, and conveniences of central London, 315 Princess Ave is an excellent opportunity to acquire a turnkey multi-residential investment with proven income. (id:53488)
Property Details
| MLS® Number | X14140328 |
| Property Type | Multi-family |
| Community Name | East F |
| Parking Space Total | 12 |
Building
| Bathroom Total | 10 |
| Bedrooms Above Ground | 10 |
| Bedrooms Total | 10 |
| Appliances | Water Heater |
| Basement Type | Full |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Stories Total | 2 |
| Size Interior | 3,500 - 5,000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 198 Ft |
| Size Frontage | 33 Ft |
| Size Irregular | 33 X 198 Ft |
| Size Total Text | 33 X 198 Ft |
https://www.realtor.ca/real-estate/30469790/351-princess-avenue-london-east-east-f-east-f
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Kevin Miller
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660 Maitland Street
London, Ontario N5Y 2V8
(519) 204-5055
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November 02 2026 08:22:35
London and St. Thomas Association of REALTORS®
Thrive Realty Group Inc.
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