1576 Caledonia Street London East (East H), ON
PROPERTY INFO
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:4555)
PROPERTY SPECS
Listing ID X12137351
Address 1576 CALEDONIA STREET
City London East (East H), ON
Price $2,500,000
Bed / Bath 18 / 12 Full
Construction Brick
Land Size 97 FT ; 110.52 ft x 182.45 ft x 97.24 ft x 162.3
Type Other
Status For sale
EXTENDED FEATURES
Appliances Intercom, Water Heater, Water meterBasement N/ABasement Features Separate entranceParking 16Amenities Nearby Public Transit, SchoolsFeatures Flat site, Irregular lot size, LightingViews ViewBuilding Amenities Separate Heating ControlsFire Protection Smoke DetectorsFoundation ConcreteHeating Hot water radiator heatHeating Fuel Natural gasUtility Water Municipal water Date Listed 2025-05-09 18:01:07Days on Market 9Parking 16
REQUEST MORE INFORMATION
LISTING OFFICE:
Thrive Realty Group Inc., Amanda Mcguire
