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    For Sale - 351 Princess Avenue, London East, Ontario

    Est payment $8,643/mo
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    Time on Jump  3 day

    AI Summary *

    • Ten one-bedroom rental units offer established income potential.
    • Ten-car garage provides ample parking for residents or tenants.
    • Approximately $157,431 in revenue and a 6.2% cap rate.
    • Recent upgrades include a new boiler, hot water tanks, and flat roof.
    • Central location near restaurants, shops, and everyday amenities.




    Investment opportunity in the heart of desirable woodfield! Welcome to 315 princess ave, this 10-unit income property offers an excellent opportunity for investors looking to add a solid, established asset to their portfolio. The property features ten 1-bedroom rental units and a 10-car garage, providing both reliable rental income and valuable parking. Generating approximately $157,431 in total revenue and offering a 6. 2% cap rate, this property combines strong current performance with long-term investment potential in one of london's most sought-after central neighbourhoods. Several important upgrades have already been completed, including a new hot water boiler in 2019, two owned hot water tanks installed approximately in 2022, 60-amp breaker panels in all units, and a flat roof approximately 6 years old. Coin operated washer & dryer on site. With 9 units currently occupied, recent capital improvements, ample garage parking, and a prime woodfield location close to the amenities, restaurants, shops, and conveniences of central london, 315 princess ave is an excellent opportunity to acquire a turnkey multi-residential investment with proven income.
    Listing IDX14140328
    Address351 Princess Avenue
    CityLondon East, Ontario
    Price$1,800,000
    Bed / Bath10 / 10 Full
    Style2-Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Water Heater OwnedOwnership FreeholdBasement FullFoundation ConcreteHeating / Cooling WaterHeating Fuel GasSewer Sewer

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    Listing Brokerage: 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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    351 Princess Avenue
    London East , Ontario
    10 10 $1,800,000
    Get more info