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.
Address
1576 Caledonia Street
List Price
$1,900,000
MLS® Status
Price Change
Expiration Date
2026-12-31
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Transaction Type
Sale
Area
London East
Sub-Area
East H
Region
Middlesex
Bedrooms
18
Bedrooms (Total)
18
Rooms Above Grade
42
Bathrooms
12
Floor Area
5000 + Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Shape
Irregular
Lot Irregularities
110.52 ft x 182.45 ft x 97.24 ft x 162.3
Lot Size Units
Feet
Lot Width
97
Parcel Number
081110019
Parcel of Tied Land
No
Occupant Type
Tenant
Cross Street
Spruce Street
Approx. Age
51 - 99 Years
MLS® Number
X12137351
Listing Brokerage
THRIVE REALTY GROUP INC.
Basement Area
Separate Entrance
Postal Code
N5W 2W7
Posession Details
Flexible
Parking
Private
Parking Places (Total)
16
Parking Spaces
16
Tax Amount
$23,204.22
Tax Year
2024
Site Influences
Clear View, Landscaped, Lighting, Public Transit, School
Exterior Features
Landscaped, Lighting
Interior Features
Intercom, Separate Heating Controls, Storage, Water Heater
Property Features
Clear View, Public Transit, School
Cable
Available
Central Vacuum
No
Family Room
No
Hydro
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
London and St. Thomas Association of REALTORS
Heat Source
Gas
Heat Type
Water
Cooling Features
None
Construction Materials
Brick
Direction Faces
North
Fireplace
No
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
12
Kitchens Above Grade
12
Other Structures
None
Pool Features
None
Roof
Flat
Tax Legal Description
PART OF LOTS 1 AND 2 PLAN 383 AND LOT 3 AND PART OF LOT 4 PLAN 705 AS IN 788737 LONDON/LONDON TOWNSHIP
Security Features
Carbon Monoxide Detectors, Smoke Detector
Topography
Flat
View Type
Clear
Waterfront
No
Sewer
Sewer
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