- Bedrooms
- 10
- Bathrooms
- 10
- Square Feet
- 3,500–5,000
- Year Built
- —
- Lot Size
- 33 × 198 Feet
- Property Type
- Multiplex
- Neighbourhood
- London East
- Status
- For Sale
About this home
Investment Opportunity in the heart of desirable Woodfield! Welcome to 315 Princess Ave, this 10-unit income property offers an excellent opportunity for investors looking to add a solid, established asset to their portfolio. The property features ten 1-bedroom rental units and a 10-car garage, providing both reliable rental income and valuable parking. Generating approximately $157,431 in total revenue and offering a 6.2% cap rate, this property combines strong current performance with long-term investment potential in one of London's most sought-after central neighbourhoods. Several important upgrades have already been completed, including a new hot water boiler in 2019, two owned hot water tanks installed approximately in 2022, 60-amp breaker panels in all units, and a flat roof approximately 6 years old. Coin operated Washer & Dryer on site. With 9 units currently occupied, recent capital improvements, ample garage parking, and a prime Woodfield location close to the amenities, restaurants, shops, and conveniences of central London, 315 Princess Ave is an excellent opportunity to acquire a turnkey multi-residential investment with proven income.
Features
- Basement: Full
- Garage: Detached
- 12 parking spaces
- Cooling: Other
- Heating: Water
- 10 kitchens
Location
Approximate location, geocoded from the listing address.
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