351 PRINCESS AVENUE
London East (East F), Ontario
MLS® X14140328
$1,800,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X14140328
- Bedrooms
- 10
- Bathrooms
- 10
- Year built
- —
1 / 45Listing 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.
Property summary
- MLS® number
- X14140328
- Property type
- Multi-family
- Building type
- Other
- Land size
- 33 x 198 FT
- Annual property taxes
- $20,615.00
- Parking
- 12 spaces · Detached Garage, Garage
- Days on market
- 3 days
Features & details
- Heating
- Natural gas
- Basement
- Full
- Appliances
- Water Heater
- Exterior features
- Brick
What would this home cost you?
Based on the $1,800,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of THRIVE REALTY GROUP INC., LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.