Great investment property close to downtown with short bus rides to both of Fanshawe College and Western University. Fully tenanted property with total rental income of $3600 per month (upper leased until Nov 2026 - $1450, and main is month to month - $2150) with tenants paying all utilities. Tenants are planning on staying. Fully funded this property has a capitalization rate about 5.5% meaning right from the start it is cash flow positive. Building was cleaned up and renovated in 2023 so very little can be expected in terms of maintenance fees for the next few years. Rents are slightly below market value meaning this building will perform more strongly and be an even better addition to your portfolio as time progresses. This yellow brick home sits on the edge of Woodfield and Old East Village. The main floor has 2 large bedrooms plus a basement with additional room. The upper has 1 bedroom plus den, both with in suite laundry. Property is being sold fully furnished excluding tenants belongings. Parking is at the rear of the building and access is off of Princess. (id:47421)
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Detailed Information
Bedrooms
4
Bathrooms
2
Lot
32 x 120 ft
Equipment
Water Heater
Listing Contract Date
2026-03-12
Location Description
Cross Streets: Princess. ** Directions: Adelaide south of Central.
# of Parking Spaces
4
Property Type
Multi-family
Rental Equipment
Water Heater
Structures
Deck, Patio(s)
Transaction Type
For sale
Building
Basement Development
Partially finished
Basement Type
N/A (Partially finished)
Cooling Type
Central air conditioning, Window air conditioner
Exterior Finish
Brick
Fireplace Present
Yes
Fireplace Type
Insert
Foundation Type
Block
Heating Fuel
Electric, Natural gas
Heating Type
Baseboard heaters, Forced air, Not known
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
32 x 120 FT
Sewer
Sanitary sewer
Size of Irregular Land
32 x 120 FT
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