Home with brick exterior material, street for 1576 Caledonia St, London East Ontario N5W 2W7
8 hours on Market

1576 Caledonia St, London East, Ontario N5W 2W7

Townhouse
18
12
~5000 + sqft
$2,500,000
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Townhouse
18
12
~5000 + sqft

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Highlights

Estimated ValueNot available

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

Style3-Storey
ViewClear
Age of property51-99
SqFt~5000 + SqFt
Lot Size-
Parking Spaces16
MLS ®NumberX12137351
Community NameArgyle
Data SourceTRREB
Listing byTHRIVE REALTY GROUP INC.

Features

Heating: Water
Basement: Sep Entrance

Parking

Garage spaces -

Garage type -

Total parking spaces 16


Property History

May 9, 2025
ListedActive
$2,500,000
8 hours on market
history photo preview4
Listing by trreb®
Property listed by THRIVE REALTY GROUP INC., Brokerage
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Market Data - Argyle

Geo Zone Map ThumbnailArgyle

Balanced Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

72 days

Compared to

2024

23 days

2023

16 days

2022

9 days

New Listings

Past 30 days

2 listings

Compared to

2024

9 listings

2023

3 listings

2022

19 listings

Units sold

Past 30 days

1 unit

Compared to

2024

8 units

2023

3 units

2022

16 units

Median Sold Price

Past 30 days

$368,000

Compared to

2024

$415,000

2023

$445,000

2022

$453,500


Population and Demographics

Overview

Total population 24680
Average household income $92,644

Age (%)

20 to 34
24%
0 to 19
22%
50 to 64
21%
35 to 49
18%
65 and plus
15%

Household composition (%)

Single family
62%
Single person
29%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
87%
Others
6%
Portuguese
2%
Spanish
2%
French
1%

House tenancy (%)

Owners
64%
Renters
36%

Schools and amenities

Estimated Budget