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. (id:47421)
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Detailed Information
Bedrooms
18
Bathrooms
12
Lot
97 x 0 ft
Amenities Nearby
Public Transit, Schools
Features
Irregular lot size, Flat site, Lighting
Listing Contract Date
2025-05-09
Location Description
Cross Streets: Spruce Street. ** Directions: North Side of Caledonia Street.
# of Parking Spaces
16
Property Type
Multi-family
Transaction Type
For sale
Views
View
Zoning Description
R2-3
Building
Age
51 to 99 years
Amenities
Separate Heating Controls
Appliances
Intercom, Water Heater, Water meter
Basement Features
Separate entrance
Basement Type
N/A
Cooling Type
None
Exterior Finish
Brick
Fire Protection
Smoke Detectors
Foundation Type
Concrete
Stories Total
3
Type
Other
Utility Water
Municipal water
Parking Spaces
Name
Spaces
No Garage
Utilities
Type
Description
Cable
Available
Electricity
Installed
Sewer
Installed
Land
Total Size
97 FT ; 110.52 ft x 182.45 ft x 97.24 ft x 162.3
Amenities
Public Transit, Schools
Landscape Features
Landscaped
Sewer
Sanitary sewer
Size of Irregular Land
97 FT ; 110.52 ft x 182.45 ft x 97.24 ft x 162.3
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