$ 2,500,000
-
$2,500,000
Price -
18
Bed -
12
Bath -
5,000
SqFt
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About the Listing 396202 -
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.
Listing Highlights for 1576 Caledonia St
Status
Active
Days on Site
124
Property Type
Multi-Family
MLS ®
X12137351
Year Built
Total Square Footage
5,000
Lot/Acreage
0.41
Interior Details
- Bedrooms: 18
- Bathrooms: 12 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Separate Entrance
- Other: Intercom,Separate Heating Controls,Storage,Water Heater
- Water:
Exterior Details
- Garage Capacity: 1 car
- Roof: Flat
- Others: Landscaped,Lighting
- Sewer: Sewer
- Parking Features: Private
Financial Details
- Tax Amount: $23,204
- Taxes w/Assessments: N/A
- Tax/Property ID: 081110019
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1576 Caledonia St London East, ON N5W 2W7
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