ON
London East (East H)
N5W2W7
1576 Caledonia Street
1576 Caledonia Street, London East (East H), ON N5W2W7
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Listing Type
Multi Family
Listing Status
active
4
$2,500,000

Home Details for 1576 Caledonia Street

Price
$2,500,000
Type
Residential Income
Bedrooms
18
Bathrooms
12.0
Square feet
NaN
Parking
Days on site
137
Listing #
X12137351
Property Description

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:31684)

Property Features
  • Heating Information
    • Hot Water
    • Radiant
    • Natural Gas
Listing Courtesy: THRIVE REALTY GROUP INC.
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100A-22499 Jefferies Road, Komoka, ON N0L 1R0
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