351 Princess Avenue
London East
N6B 2A7
$1,800,000
Residential Freehold
beds: 10
baths: 10.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X14140328
- Bedrooms:
- 10
- Bathrooms:
- 10
- Photos (45)
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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.
- Property Type:
- Residential Freehold
- Property Sub Type:
- Multiplex
- Home Style:
- 2-Storey
- Total Approx Floor Area:
- 3500-5000
- Lot Depth:
- 198'
- Lot Frontage:
- 33'
- Direction Faces:
- South
- Bedrooms:
- 10
- Bathrooms:
- 10.0
- Water supply:
- Municipal
- Kitchens:
- 10
- Bedrooms Above Grade:
- 10
- Kitchens Above Grade:
- 10
- Rooms Above Grade:
- 40
- Heating type:
- Water
- Heating Fuel:
- Gas
- Foundation:
- Concrete
- Roof:
- Flat
- Basement:
- Full
- Fireplace/Stove:
- No
- Garage:
- Detached
- Garage Spaces:
- 10.0
- Parking Spaces:
- 2
- Total Parking Spaces:
- 12.0
- Family Room:
- No
- Possession Details:
- Flexible
- Pool:
- None
- HST Applicable To Sale Price:
- In Addition To
- Assessment Year:
- 2025
- Taxes:
- $20,615 / 2025
- Assessment:
- $- / 2025
- Middlesex
- London East
- East F
- Water Heater Owned
- Brick
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- Other
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Laundry Level:
- Lower Level
- Date Listed:
- Nov 02, 2026
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Listed by THRIVE REALTY GROUP INC.
Data was last updated November 3, 2026 at 05:15 PM (UTC)
- SANDRA FIELD
- THRIVE REALTY GROUP INC.
- 1 (519) 2815289
- Contact by Email
660 Maitland St
London, ON, N5Y 2V8