1576 Caledonia Street
London East
N5W 2W7
$2,225,000
Residential Freehold
beds: 18
baths: 12.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X12137351
- Bedrooms:
- 18
- Bathrooms:
- 12
- Photos (4)
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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 Type:
- Residential Freehold
- Property Sub Type:
- Multiplex
- Home Style:
- 3-Storey
- Approx. Age:
- 51-99
- Total Approx Floor Area:
- 5000 +
- Lot Depth:
- 0'
- Lot Frontage:
- 97'
- Lot Shape:
- Irregular
- Topography:
- Flat
- Direction Faces:
- North
- Bedrooms:
- 18
- Bathrooms:
- 12.0
- Water supply:
- Municipal
- Kitchens:
- 12
- Bedrooms Above Grade:
- 18
- Kitchens Above Grade:
- 12
- Rooms Above Grade:
- 42
- Fractional Ownership:
- No
- Zoning:
- R2-3
- Assignment:
- No
- Heating type:
- Water
- Heating Fuel:
- Gas
- Foundation:
- Concrete
- Roof:
- Flat
- Basement:
- Separate Entrance
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Other Structures:
- None
- Parking Features:
- Private
- Parking Spaces:
- 16
- Total Parking Spaces:
- 16.0
- Family Room:
- No
- Possession Details:
- Flexible
- Lot Irregularities:
- 110.52 ft x 182.45 ft x 97.24 ft x 162.3
- Pool:
- None
- HST Applicable To Sale Price:
- Not Subject to HST
- Assessment Year:
- 2024
- Taxes:
- $23,204.22 / 2024
- Assessment:
- $- / 2024
- Middlesex
- London East
- East H
- Clear View, Public Transit, School
- Intercom, Separate Heating Controls, Storage, Water Heater
- Landscaped, Lighting
- Carbon Monoxide Detectors, Smoke Detector
- None
- Tenant Belongings
- None
- Brick
- No
- No
- Clear
- Utilities Cable:
- Available
- Utilities Telephone:
- Available
- Utilities Gas:
- Yes
- Utilities Hydro:
- Yes
- Utilities Water:
- Yes
- Sewers:
- Yes
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Physically Handicapped-Equipped:
- No
- Ensuite Laundry:
- No
- Laundry Level:
- Main Level
- Date Listed:
- May 09, 2025
- Original Price:
- $2,225,000
- Previous Price:
- $2,500,000
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Listed by THRIVE REALTY GROUP INC.
Data was last updated October 16, 2025 at 02:15 AM (UTC)
Area Statistics
- Listings on market:
- 15
- Avg list price:
- $1,224,900
- Min list price:
- $399,999
- Max list price:
- $9,495,000
- Avg days on market:
- 42
- Min days on market:
- 9
- Max days on market:
- 324
These statistics are generated based on the current listing's property type
and located in
London East. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- SANDRA FIELD
- THRIVE REALTY GROUP INC.
- 1 (519) 2815289
- Contact by Email
660 Maitland St
London, ON, N5Y 2V8