1576 Caledonia Street, London East

$1,750,000

18 Beds
12 Baths
5000 + Sqft
.41 Acres
0 Garages

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.

Essential Information
MLS® #X12137351
Price$1,750,000
Bedrooms18
Bathrooms12.00
Square Footage5000 +
Acres0.41
TypeResidential Freehold
Sub-TypeMultiplex
Style3-Storey
StatusActive Under Contract
Community Information
Address1576 Caledonia Street
AreaMiddlesex
SubdivisionEast H
CityLondon East
ProvinceON
Postal CodeN5W 2W7
Amenities
Parking Spaces16
GaragesNone
PoolNone
Interior
HeatingWater
CoolingNone
BasementSeparate Entrance
Exterior
ExteriorBrick
Listing Details
OfficeTHRIVE REALTY GROUP INC.
LISTING MAP

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