About this property

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.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13036168
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	2,800 sq ft
Lot Size	9,224 sq ft
Beds / Baths	8 bed · 0 bath
Neighbourhood	East M
City	London East
Postal Code	N5Z 1T8
Province	ON
Listed Date	April 23, 2026
Days on Market	105
Price per Sq Ft	$464
Brokerage	CENTURY 21 FIRST CANADIAN CORP