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Ontario
London East (East D)
139 GODFREY DRIVE

$1,700,000

139 GODFREY DRIVE, London East (East D), Ontario, N5V 2E8

MLS® # X12494896

London East (East D) ON, N5V 2E8

MLS® # X12494896

Property Information:

Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 6 two-bedroom, 2 one-bedroom, and 1 bachelor unit. Fully rented with great tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $140,091.96 with an NOI of $96,249.46. Attractive assumable financing available (approx. 2.69% until Dec 2031 - subject to lender approval - contact listing agent for details). Perfect for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, coin-op laundry, ample parking, and exterior paint/siding updated in 2022. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 6000 sqft
Heating Type: Hot water radiator heat
Heating Fuel: Natural gas
Cooling Type: None

Property Features:

Property Type: Multi-family
Features: Irregular lot size
Floor Space (approx): 6000 Square Feet
Irregular: Yes
Lot Depth: 127 Feet
Lot Frontage: 75.9 Feet
Lot Size: 75.97 x 127 FT ; 126.01 x 123.55 x 128.00 x 75.97
Zoning: R9-2*H12
No. of Parking Spaces: 12

Courtesy of: THRIVE REALTY GROUP INC.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 139 GODFREY DRIVE, London East (East D), Ontario, N5V 2E8

Lifestyle
Neighbourhood

Demographic Information of 139 GODFREY DRIVE, London East (East D), Ontario, N5V 2E8

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$80,206.89

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.32 %

High school certificate or equivalent

30.35 %

Apprenticeship trade certificate/diploma

5.58 %

College/non-university certificate

22.15 %

University certificate (below bachelor)

1.62 %

University Degree

14.97 %

Commuter

Travel To Work

By Car

74.5 %

By Public Transit

13.45 %

By Walking

8.61 %

By Bicycle

0.62 %

By Other Methods

2.82 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

57.48 %

Houses

42.52 %

Own Vs. Rent