1576 Caledonia Street, London East, ON N5W 2W7
London East, ON, N5W 2W7 · East H
About this property
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.
Features & Amenities
- Basement: Separate Entrance
- Garage: None
- Cooling: None
- Heat Type: Water
- Heat Source: Gas
- Style: 3-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 3-Storey |
| Bedrooms | 18 |
| Bathrooms | 12 |
| Lot Size | 0 Feet |
| Basement | Separate Entrance |
| Garage | None |
| Parking Spaces | 16 |
| Heat Type | Water |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $23,204 |
| Tax Year | 2024 |
Interior Features
- Interior Features
- Intercom, Separate Heating Controls, Storage, Water Heater
Exterior Features
- Exterior Features
- Landscaped, Lighting
- Other Structures
- None
- Pool Features
- None
Building & Construction
- Architectural Style
- 3-Storey
- Construction Materials
- Brick
- Foundation Details
- Concrete
- Roof
- Flat
- Basement
- Separate Entrance
- Approximate Age
- 51-99
Heating & Cooling
- Heat Type
- Water
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 16
- Parking Total
- 16.00
- Parking Features
- Private
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 0.41
- Lot Size Units
- Feet
- Lot Depth
- 0.00
- Lot Width
- 97.00
- Lot Irregularities
- 110.52 ft x 182.45 ft x 97.24 ft x 162.3
Community & Neighborhood
- Property Features
- Clear View, Public Transit, School
Financial & Tax
- Tax Annual Amount
- $23,204
- Tax Year
- 2024
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 42
- Kitchens Above Grade
- 12
- Kitchens Total
- 12
- Bedrooms Above Grade
- 18
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Middlesex
- Cross Street
- Spruce Street
- Directions
- North Side of Caledonia Street
- Special Designation
- Unknown
- Showing Requirements
- See Brokerage Remarks
Location
1576 Caledonia Street, London East, ON N5W 2W7, London East, ON, N5W 2W7