745 & 749 Hamilton Road London East, Ontario N5Z 1T8
$1,299,000
Exceptional 12-unit investment opportunity in the heart of London, offering strong in-place income and scale across two properties at 745 & 749 Hamilton Road. Currently generating $176,700 in annual gross income with a solid NOI of $152,242, this asset delivers an impressive ~11.7% cap rate at the list price. The property features a diverse unit mix including 1-bedroom units, bachelor units, a triplex component, plus additional income streams from a rear commercial/shop space, parking, and storage. Several units have tenant-paid utilities, improving operational efficiency and reducing landlord exposure. Strategically located along a high-traffic corridor with excellent transit access, this property benefits from consistent tenant demand and long-term rental stability. A rare opportunity for investors seeking strong cash flow with upside potential through rent optimization and further expense control. (id:52600)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X13036168 |
| Property Type | Multi-family |
| Community Name | East M |
| Amenities Near By | Public Transit |
| Parking Space Total | 14 |
Building
| Bedrooms Total | 8 |
| Age | 51 To 99 Years |
| Cooling Type | Fully Air Conditioned |
| Heating Type | Other |
| Size Interior | 2,800 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Size Depth | 140 Ft |
| Size Frontage | 21 Ft |
| Size Irregular | 21 X 140 Ft ; Both Properties Are Angled Side By Side. |
| Size Total Text | 21 X 140 Ft ; Both Properties Are Angled Side By Side. |
| Zoning Description | Ac 4-5 |
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April 23 2026 05:32:42
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp