1576 Caledonia Street London East, Ontario N5W 2W7
$2,500,000
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:52600)
Property Details
| MLS® Number | X12137351 |
| Property Type | Multi-family |
| Community Name | East H |
| AmenitiesNearBy | Public Transit, Schools |
| Features | Irregular Lot Size, Flat Site, Lighting |
| ParkingSpaceTotal | 16 |
| ViewType | View |
Building
| BathroomTotal | 12 |
| BedroomsAboveGround | 18 |
| BedroomsTotal | 18 |
| Age | 51 To 99 Years |
| Amenities | Separate Heating Controls |
| Appliances | Intercom, Water Heater, Water Meter |
| BasementFeatures | Separate Entrance |
| BasementType | N/a |
| ExteriorFinish | Brick |
| FireProtection | Smoke Detectors |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| StoriesTotal | 3 |
| SizeInterior | 5000 - 100000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Public Transit, Schools |
| LandscapeFeatures | Landscaped |
| Sewer | Sanitary Sewer |
| SizeFrontage | 97 Ft |
| SizeIrregular | 97 Ft ; 110.52 Ft X 182.45 Ft X 97.24 Ft X 162.3 |
| SizeTotalText | 97 Ft ; 110.52 Ft X 182.45 Ft X 97.24 Ft X 162.3 |
| ZoningDescription | R2-3 |
Utilities
| Cable | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28288191/1576-caledonia-street-london-east-east-h-east-h
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May 09 2025 05:01:13
London and St. Thomas Association of REALTORS®
Thrive Realty Group Inc.