About this property

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.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X12137351
Status	Active
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	5,000 sq ft
Beds / Baths	18 bed · 12 bath
Neighbourhood	East H
City	London East
Postal Code	N5W 2W7
Province	ON
Listed Date	May 9, 2025
Days on Market	454
Price per Sq Ft	$350
Brokerage	THRIVE REALTY GROUP INC.