1576 CALEDONIA STREET London East
  • 1576 CALEDONIA STREET London East
  • 1576 CALEDONIA STREET London East
  • 1576 CALEDONIA STREET London East
  • 1576 CALEDONIA STREET London East

1576 CALEDONIA STREET, London East, Ontario

$2,500,000

  • 18 Beds
  • 12 Baths

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. (id:56241)

  • Listing ID: X12137351
  • Property Type: Multi-family
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Details

  • Amenities Nearby: Public Transit, Schools
  • Features: Irregular lot size, Flat site, Lighting
  • Parking Spaces: 16
  • Transaction: For sale
  • View: View
  • Zoning Description: R2-3

Building

  • Amenities: Separate Heating Controls
  • Appliances: Intercom, Water Heater, Water meter
  • BasementType: N/A
  • Basement Features: Separate entrance
  • Bedrooms Main Level: 18
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Fire Protection: Smoke Detectors
  • Foundation: Concrete
  • Bathrooms (Total): 12
  • Heating: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Size Interior: 5000 - 100000 sqft
  • Stories Total: 3
  • Type: Other
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit, Schools
  • Landscape Features: Landscaped
  • Sewer: Sanitary sewer
  • Size Frontage: 97 ft
  • Size Irregular: 97 FT ; 110.52 ft x 182.45 ft x 97.24 ft x 162.3
MLS®

Listing provided by THRIVE REALTY GROUP INC.
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REALTOR®

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1576 CALEDONIA STREET in London East Ontario. It was last modified on May 9th, 2025. Contact us to schedule a viewing or to discover other London East real estate for sale.

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