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    For Sale - 1576 Caledonia Street, London East, Ontario

    Est payment $9,124/mo
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    Views   1
    Time on Jump  196 day

    AI Summary *

    • All-brick 12-unit apartment building with a mix of two and one-bedroom units.
    • Fully rented with long-term tenants, ensuring stable cash flow.
    • Located on a quiet street, perfect for tenants seeking peace and convenience.
    • Close to Fanshawe College and easy access to Highway 401.
    • Potential to increase rental income through strategic updates and tenant turnover.




    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.
    Listing IDX12137351
    Address1576 Caledonia Street
    CityLondon East, Ontario
    Price$1,900,000
    Bed / Bath18 / 12 Full
    Style3-Storey, Multiplex
    ConstructionBrick
    Land Size0.413
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Intercom, Separate Heating Controls, Storage, Water HeaterOutdoor Features Landscaped, LightingAmenities Clear View, Public Transit, SchoolOwnership FreeholdViews ClearBasement Separate EntranceFoundation ConcreteHeating / Cooling WaterHeating Fuel GasSewer Sewer

    Parking 16.00
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    Listing Agency:  THRIVE REALTY GROUP INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    1576 Caledonia Street
    London East , Ontario
    18 12 $1,900,000
    Get more info