For Sale: 1576 Caledonia Street, London, ON - REW
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$1,750,000
18 bd • 12 ba • 5000 - 99999 sf • Multifamily
1576 Caledonia Street
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$1,750,000
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1576 Caledonia StreetLondon, ON, N5W 2W7

Argyle
  • 18 Bed
  • 12 Bath
  • 5000 - 99999 Sqft
  • Multifamily

About this home

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:63626)
Listed by: JAMES MCGUIRE, Sales Representative, THRIVE REALTY GROUP INC.

Home facts and features

Price details
List Price
$1,750,000
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Gross Taxes for 2024
$23,204
Home facts
Bedrooms
18
Full Bathrooms
12
Parking Spaces
16
Parking Details
No Garage
Property Type
Multifamily
Depth
182.45 ft
Frontage
97.0 feet
Exterior Finish
Brick
Heating Type
Natural gas
Basement Details
Separate entrance,
Features
Flat site, Irregular lot size, Lighting, Separate Heating Controls, Smoke Detectors
Appliances
Intercom, Water Heater, Water meter
Community
Agent details
Primary Agent
JAMES MCGUIRE
Primary Broker
THRIVE REALTY GROUP INC.
Secondary Agent
AMANDA MCGUIRE
Secondary Broker
THRIVE REALTY GROUP INC.
Listing details
Days on REW
397 Days
Property Views
63
MLS® Number
X12137351
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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25 Years
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Property Insights

Prince Charles Public School
  • Public
  • JK - 8
St Pius X School
  • Catholic
  • JK - 8
Académie de la Tamise
  • Public
  • JK - 6
Franklin D Roosevelt Public School
  • Public
  • JK - 8
Princess Anne French Immersion Public School
  • Public
  • K - 8
John Paul II Catholic Secondary School
  • Catholic
  • 9 - 12
Clarke Road Secondary School
  • Public
  • 9 - 12
St Robert School
  • Catholic
  • JK - 8
Lord Nelson Public School
  • Public
  • JK - 8
St Bernadette School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Sales Representative
JAMES MCGUIRE
Phone:
(519) 649-6900
Cell:
519-697-8806
Office:
519-204-5055
Sales Representative
AMANDA MCGUIRE
Phone:
(519) 649-6900
Cell:
519-614-3178
Office:
519-204-5055
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.