$1,750,000
1576 Caledonia Street, London East, ON N5W 2W7
London East
- Bedrooms
- 18
- Bathrooms
- 12
- Parking
- 16
- Type
- Multiplex
12-unit brick apartment building, fully rented, below-market rents.
- •6 two-bedroom + 6 one-bedroom units; $117,780 annual gross rental income.
- •All tenants long-term; minimal vacancy. Rents below market—upside through turnover.
- •Dead-end street location; minutes to Fanshawe College and Highway 401 access.
- •All-brick construction, well-maintained, separate basement entrance for utilities.
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About this listing
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.
Property details
- Days on market
- 426 days
- Property taxes
- $23,204/yr (2024)
- Style
- 3-Storey
- Heating
- Water (Gas)
- Basement
- Separate Entrance
- Construction
- Brick
- Facing
- North
- Approximate age
- 51-99
Payment calculator
- Mortgage amount
- $1,400,000
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Location
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Walkability, transit, and bike-friendliness for 1576 Caledonia Street, London East, ON N5W 2W7
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MLS# X12137351
Listed by THRIVE REALTY GROUP INC.
On market since May 9, 2025
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About 1576 Caledonia Street, London East, ON N5W 2W7
How much is 1576 Caledonia Street, London East, ON N5W 2W7?
1576 Caledonia Street, London East, ON N5W 2W7 is listed for $1,750,000 CAD.
How many bedrooms and bathrooms does 1576 Caledonia Street, London East, ON N5W 2W7 have?
1576 Caledonia Street, London East, ON N5W 2W7 has 18 bedrooms and 12 bathrooms.
What type of property is 1576 Caledonia Street, London East, ON N5W 2W7?
1576 Caledonia Street, London East, ON N5W 2W7 is a Multiplex.
What neighbourhood is 1576 Caledonia Street, London East, ON N5W 2W7 in?
1576 Caledonia Street, London East, ON N5W 2W7 is in London East, Ontario.
Is 1576 Caledonia Street, London East, ON N5W 2W7 for sale or for rent?
1576 Caledonia Street, London East, ON N5W 2W7 is currently for sale.
How do I book a showing for 1576 Caledonia Street, London East, ON N5W 2W7?
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 1576 Caledonia Street, London East, ON N5W 2W7 (MLS# X12137351). You can also send a message through the contact form on this site.