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$ 1,800,000
Est. payment /mo
New
351 PRINCESS AVENUE London East, ON N6B2A7
10 Beds
10 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500 - 5000
Subdivision East F
MLS® Listing ID X14140328
Bedrooms 10
Property Description
Investment Opportunity in the heart of desirable Woodfield! Welcome to 315 Princess Ave, this 10-unit income property offers an excellent opportunity for investors looking to add a solid, established asset to their portfolio. The property features ten 1-bedroom rental units and a 10-car garage, providing both reliable rental income and valuable parking. Generating approximately $157,431 in total revenue and offering a 6.2% cap rate, this property combines strong current performance with long-term investment potential in one of London's most sought-after central neighbourhoods. Several important upgrades have already been completed, including a new hot water boiler in 2019, two owned hot water tanks installed approximately in 2022, 60-amp breaker panels in all units, and a flat roof approximately 6 years old. Coin operated Washer & Dryer on site. With 9 units currently occupied, recent capital improvements, ample garage parking, and a prime Woodfield location close to the amenities, restaurants, shops, and conveniences of central London, 315 Princess Ave is an excellent opportunity to acquire a turnkey multi-residential investment with proven income. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 12
Garage Yes
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by THRIVE REALTY GROUP INC.
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