351 Princess Avenue,London East (East F), ON N6B2A7
London East (East F), ON N6B2A7
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. (id:13843)
Details
| MLS # | X14140328 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 12 |
| Listing Provided By | THRIVE REALTY GROUP INC. | KEVIN MILLER |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 10 Total |
| SQ Feet | 3,500 |
| Garage | 12 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Heating | Natural gas |
|---|---|
| Appliances | Water Heater |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Concrete |
|---|
Parking
| Parking Features | Detached Garage, Garage |
|---|---|
| Parking Total | 12 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 20615 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | London East (East F) |
| Postal Code | N6B2A7 |
| Listing VS Median (in N6B2A7) | |
Price: $1,800,000 low | high Med: $1,800,000 sqft: 3,500 low | high Med: 3,500 $ / sqft: $514 low | high Med: $514 On site: 12 low | high Med: 12 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | London East (East F) |
| Postal Code | N6B2A7 |
| Listing VS Median (in N6B2A7) | |
Price: $1,800,000 low | high Med: $1,800,000 sqft: 3,500 low | high Med: 3,500 $ / sqft: $514 low | high Med: $514 On site: 12 low | high Med: 12 | |
