1576 Caledonia ST new Save Request In-Person Tour Request Virtual Tour
London East,ON N5W 2W7
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision East H
MLS Listing ID X12137351
Style 3-Storey
Bedrooms 18
Building Age 51-99
Annual Tax Amount $23,204
Tax Year 2024
Property Sub-Type Multiplex
Property Description
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.
Location
State ON
County Middlesex
Community East H
Area Middlesex
Rooms
Family Room No
Basement Separate Entrance
Kitchen 12
Interior
Interior Features Intercom,Separate Heating Controls,Storage,Water Heater
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Landscaped,Lighting
Parking Features Private
Pool None
View Clear
Roof Type Flat
Topography Flat
Lot Frontage 97.0
Total Parking Spaces 16
Building
Unit Features Clear View,Public Transit,School
Foundation Concrete
Others
Security Features Carbon Monoxide Detectors,Smoke Detector
ParcelsYN No