New Listing
351 Princess Avenue,London East, ON N6B 2A7
London East, ON N6B 2A7
Description
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.
Details
| MLS # | X14140328 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 1 |
| Listing Provided By | THRIVE REALTY GROUP INC. | X14140328 396202 |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 10 |
| Garage | 10 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.15 |
Interior
| Interior Features | Water Heater Owned |
|---|---|
| Cooling | Other |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Flat |
|---|---|
| Foundation Details | Concrete |
| Construction Materials | Brick |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 20615 |
|---|---|
| Tax Legal Description | W 1/2 OF W 1/2 LT 7 S/E PRINCESS AV LONDON |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Middlesex |
| City | London East |
| Postal Code | N6B 2A7 |
| Area | East F |
| Listing VS Median (in N6B 2A7) | |
Price: $1,800,000 low | high Med: $0 On site: 1 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Middlesex |
| City | London East |
| Postal Code | N6B 2A7 |
| Area | East F |
| Listing VS Median (in N6B 2A7) | |
Price: $1,800,000 low | high Med: $0 On site: 1 low | high Med: | |
