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$ 1,800,000
Est. payment | /mo
10 Beds
10 Baths
$ 1,800,000
Est. payment | /mo
10 Beds
10 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision East F
MLS Listing ID X14140328
Style 2-Storey
Bedrooms 10
Annual Tax Amount $20,615
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Investment Opportunity in the heart of desirable Woodfield! Welcome to 315 Princess Ave, this 10-unit income property offers an excellent opportunity for investors looking to add a solid, established asset to their portfolio. The property features ten 1-bedroom rental units and a 10-car garage, providing both reliable rental income and valuable parking. Generating approximately $157,431 in total revenue and offering a 6.2% cap rate, this property combines strong current performance with long-term investment potential in one of London's most sought-after central neighbourhoods. Several important upgrades have already been completed, including a new hot water boiler in 2019, two owned hot water tanks installed approximately in 2022, 60-amp breaker panels in all units, and a flat roof approximately 6 years old. Coin operated Washer & Dryer on site. With 9 units currently occupied, recent capital improvements, ample garage parking, and a prime Woodfield location close to the amenities, restaurants, shops, and conveniences of central London, 315 Princess Ave is an excellent opportunity to acquire a turnkey multi-residential investment with proven income.
Location
Province ON
County Middlesex
Area Middlesex
Rooms
Family Room No
Basement Full
Kitchen 10
Interior
Interior Features Water Heater Owned
Cooling Other
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 10.0
Pool None
Roof Type Flat
Lot Frontage 33.0
Lot Depth 198.0
Total Parking Spaces 12
Building
Foundation Concrete
Others
ParcelsYN No
Listed by THRIVE REALTY GROUP INC.
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