About this property

Turnkey fourplex generating approximately $5,500 in gross monthly income, or about $66,000 annually. After mortgage, insurance, and utilities, the property maintains a net positive cash flow, offering an estimated return of over 9%. The building includes four fully renovated units, each with its own kitchen and bath. Unit #1 rents for $1,750/month and features 2 bedrooms, a living room, kitchen, and bath. Unit #2 rents for $1,050/month, Unit #3 for $1,332.50/month, and Unit #4 for $1,230/month - each with 1 bedroom, kitchen, and bath. Coin laundry adds an additional $150/month. This solid brick building sits on a deep lot with over 5 parking spaces and zoning potential for rear parking. It includes 5 total bedrooms, 4 full bathrooms, and 4 kitchens, with 4 separate hydro meters. Additional features include baseboard electric heating in all units, a coin-operated washer and dryer, and a dedicated storage and utility room. The property is fully tenanted and ready for immediate cash flow.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X12469490
Status	Sold
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	2,000 sq ft
Beds / Baths	6 bed · 4 bath
Neighbourhood	East K
City	London East
Postal Code	N6B 1H9
Province	ON
Listed Date	October 17, 2025
Brokerage	COMFREE