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.
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
3-Storey
Approx. Age:
51-99
Total Approx Floor Area:
5000 +
Depth:
0'0 m
Frontage:
97'29.6 m
Lot Shape:
Irregular
Topography:
Flat
Direction Faces:
North
Bedrooms:
18
Bathrooms:
12.0
Water supply:
Municipal
Kitchens:
12
Bedrooms Above Grade:
18
Kitchens Above Grade:
12
Rooms Above Grade:
42
Fractional Ownership:
No
Zoning:
R2-3
Assignment:
No
Heating type:
Water
Heating Fuel:
Gas
Foundation:
Concrete
Roof:
Flat
Basement:
Separate Entrance
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Other Structures:
None
Parking Features:
Private
Parking Spaces:
16
Total Parking Spaces:
16.0
Family Room:
No
Possession Details:
Flexible
Lot Irregularities:
110.52 ft x 182.45 ft x 97.24 ft x 162.3
Pool:
None
HST Applicable To Sale Price:
Not Subject to HST
Assessment Year:
2024
Taxes:
$23,204.22 /
2024
Assessment:
$- /
2024
London East
East H
Middlesex
Clear View, Public Transit, School
Intercom, Separate Heating Controls, Storage, Water Heater
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