ON > London East > East H
London East, ON N5W 2W7,1576 Caledonia ST
London East, ON N5W 2W7,1576 Caledonia ST
London East, ON N5W 2W7,1576 Caledonia ST
London East, ON N5W 2W7,1576 Caledonia ST
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Danica Milich

Danica Milich

+1(905) 442-2520
$ 2,500,000
Est. payment | /mo

18 Beds

12 Baths

Save
$ 2,500,000
Est. payment | /mo
Save

18 Beds

12 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision East H

MLS Listing ID X12137351

Style 3-Storey

Bedrooms 18

Building Age 51-99

Annual Tax Amount $23,204

Tax Year 2024

Property Sub-Type Multiplex

Property Description

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.

Location

Province ON

County Middlesex

Community East H

Area Middlesex

Rooms

Family Room No

Basement Separate Entrance

Kitchen 12

Interior

Interior Features Intercom, Separate Heating Controls, Storage, Water Heater

Cooling None

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Landscaped, Lighting

Parking Features Private

Pool None

View Clear

Roof Type Flat

Topography Flat

Lot Frontage 97.0

Total Parking Spaces 16

Building

Unit Features Clear View,Public Transit,School

Foundation Concrete

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Listed by THRIVE REALTY GROUP INC.

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1576 Caledonia ST