Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Other
Amenities: Separate Heating Controls
Basement Type: N/A
Exterior Finish: Brick
Fire Protection: Smoke Detectors
Floor Space: 5000 - 100000 sqft
Foundation Type: Concrete
Cooling Type: None
Appliances: Intercom, Water meter

Property Features:

Property Type: Multi-family
Bedrooms: 18
Bathrooms: 12
Amenities Nearby: Public Transit, Schools
Features: Irregular lot size, Flat site, Lighting
Floor Space (approx): 5000 - 100000 Square Feet
Irregular: Yes
Landscape Features: Landscaped
Lot Frontage: 97.0 Feet
Lot Size: 97 FT ; 110.52 ft x 182.45 ft x 97.24 ft x 162.3
Utility Type: Sewer - Installed, Hydro - Installed, Cable - Available
View Type: View
Zoning: R2-3
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 16

Courtesy of: THRIVE REALTY GROUP INC.

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Demographic Information of 1576 CALEDONIA STREET, London East (East H), Ontario, N5W 2W7

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$85,426.57

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.16 %

High school certificate or equivalent

34.8 %

Apprenticeship trade certificate/diploma

6.21 %

College/non-university certificate

25.4 %

University Degree

9.43 %

Commuter

Travel To Work

By Car

85.77 %

By Public Transit

4.98 %

By Walking

3.08 %

By Bicycle

0.73 %

By Other Methods

5.44 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

40.02 %

Houses

59.98 %

1576 CALEDONIA STREET, London East (East H), Ontario, N5W 2W7