1576 Caledonia St, London East, Ontario N5W 2W7
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Highlights
Estimated ValueThis is the price Wahi expects this property to sell for.
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Price/Sqft$250/sqft
Est. Mortgage$10,736/mo
Tax Amount (2024)$23,204/yr
Days On Market8 hours
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.
Property Details
Interior
Features
Exterior
Parking
Garage spaces -
Garage type -
Total parking spaces 16
Property History

