745 & 749 HAMILTON ROAD
London East (East M), Ontario
MLS® X13036168
$1,100,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13036168
- Bedrooms
- 8
- Bathrooms
- —
- Year built
- —
1 / 12Listing description
Exceptional 12-unit investment opportunity in the heart of London, offering strong in-place income and scale across two properties at 745 & 749 Hamilton Road. Currently generating $176,700 in annual gross income with a solid NOI of $152,242, this asset delivers an impressive ~11. 7% cap rate at the list price.
The property features a diverse unit mix including 1-bedroom units, bachelor units, a triplex component, plus additional income streams from a rear commercial/shop space, parking, and storage. Several units have tenant-paid utilities, improving operational efficiency and reducing landlord exposure. Strategically located along a high-traffic corridor with excellent transit access, this property benefits from consistent tenant demand and long-term rental stability.
A rare opportunity for investors seeking strong cash flow with upside potential through rent optimization and further expense control.
Property summary
- MLS® number
- X13036168
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 2,800 sq ft
- Land size
- 21 x 140 FT ; Both properties are angled side by side.
- Annual property taxes
- $9,250.00
- Parking
- 14 spaces
- Days on market
- 147 days
Features & details
- Heating
- Other
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $1,100,000 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 CENTURY 21 FIRST CANADIAN CORP, 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.