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    For Sale - 320-324 Thompson Road, London South, Ontario

    Est payment $30,012/mo
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    Time on Jump  1 days

    AI Summary *

    • Investment opportunity with 3 purpose-built 12 plex buildings on over 2 acres.
    • Current rent roll exceeds $500,000 annually with potential for increased earnings.
    • Each unit is separately metered for hydro, providing easy management for tenants.
    • Recent upgrades include new boilers and renovated units as they become vacant.
    • Vacant lot zoned R8-2 offers potential for additional units on the property.




    Fantastic investment opportunity in london on! This site contains 3 purpose built 12 plex's, each with 10 two bedroom units and two one bedroom units (one building has had two of the 2 bedroom units converted into one large unit by the former owner, would be easy to convert back into two units). It sits on over two acres, and that includes a vacant lot that is zoned r8-2 and is just over 0. 6 acres (66 feet by 420 feet) that would be perfect to add some additional units to the property. Current rent roll is over $500,000 a year with loads of upside potential to increase to current market rent, currently 13 of the two bedroom units are under market rent. Each unit is separately metered for hydro, each building has its own laundry room, and many updates have been done over the years including new boilers (2023), many new windows (as needed), and most of the units have also been updated (as they become vacant they are renovated). This is a tremendous addition to any investor's portfolio so act today!
    Listing IDX13534198
    Address320-324 Thompson Road
    CityLondon South, Ontario
    Price$6,250,000
    StyleInvestment
    Land Size2.08
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public TransitHeating / Cooling Gas Hot WaterSewer Sanitary

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    Listing Agency:  ROYAL LEPAGE TRILAND REALTY

    * 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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    320-324 Thompson Road
    London South , Ontario
    $6,250,000
    Get more info