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For Sale

Multiplex #X12137351

$1,900,000

Estimated value: $2,409,709

27%

1576 Caledonia St

London East - East H

18 bds
12 ba
5000 + sqft
Commutes
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Property history Buy/sell history for 1576 Caledonia St London East

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$1,900,000

For Sale

Date: 09 May, 2025 356 days
X12137351
Property details
Highlights
Home value
Rental analysis
Payments
Market trends

Home facts

Details

Rooms

Tax
$23204.22/yr
Property type
Multiplex
Style
3-Storey
Building age
51-99
Sqft
5000 +
Price/sqft
$380.00/sqft
Basement
Sep Entrance
Parking
None garage, 16 parking
MLS® #
X12137351
Major intersection
Spruce Street
Neighbourhood
East H
Listed on
09 May, 2025

About this home

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. Read More

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Estimated value: $2,409,709

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Property is listed by THRIVE REALTY GROUP INC.

We are hiring | Join ReApp team

Property is listed by THRIVE REALTY GROUP INC.

We are hiring | Join ReApp team

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