For Sale: 320-324 Thompson Road, London, ON - REW
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$6,250,000
0 bd • ba • 10140 sf • Multifamily
320-324 Thompson Road
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$6,250,000
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320-324 Thompson RoadLondon, ON, N5Z 2Z2

Glen Cairn
  • 0 Bed
  • Bath
  • 10140 Sqft
  • Multifamily

About this home

Fantastic investment opportunity in London ON! This site contains 3 purpose built 12 plex's, each with 10 two bedroom units and two one bedroom units (one building has had two of the 2 bedroom units converted into one large unit by the former owner, would be easy to convert back into two units). It sits on over two acres, and that includes a vacant lot that is zoned R8-2 and is just over 0.6 acres (66 feet by 420 feet) that would be perfect to add some additional units to the property. Current rent roll is over $500,000 a year with loads of upside potential to increase to current market rent, currently 13 of the two bedroom units are under market rent. Each unit is separately metered for hydro, each building has its own laundry room, and many updates have been done over the years including new boilers (2023), many new windows (as needed), and most of the units have also been updated (as they become vacant they are renovated). This is a tremendous addition to any investor's portfolio so act today! (id:63626)
Listed by: STEWART BLAIR, Sales Representative, ROYAL LEPAGE TRILAND REALTY

Home facts and features

Price details
List Price
$6,250,000
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Gross Taxes for 2026
$75,495
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
174 ft x 0 ft (2.08 acres)
Depth
Frontage
174.0 feet
Heating Type
Hot water radiator heat, Natural gas
Features
Irregular lot size
Appliances
All
Community
Agent details
Primary Agent
STEWART BLAIR
Primary Broker
ROYAL LEPAGE TRILAND REALTY
Secondary Agent
JEREMY ODLAND
Secondary Broker
ROYAL LEPAGE TRILAND REALTY
Tertiary Agent
BRITTANY WURFEL
Tertiary Broker
ROYAL LEPAGE TRILAND REALTY
Listing details
Days on REW
1 Day
MLS® Number
X13534198
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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25 Years
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3.99%

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Property Insights

Princess Elizabeth Public School
  • Public
  • JK - 8
G A Wheable School
  • Public
  • K - 12
B Davison Secondary School
  • Public
  • 9 - 12
Lester B Pearson School for the Arts
  • Public
  • 4 - 8
C C Carrothers Public School
  • Public
  • JK - 8
St Sebastian School
  • Catholic
  • JK - 8
Holy Rosary School
  • Catholic
  • JK - 8
Trafalgar Public School
  • Public
  • JK - 8
Holy Cross School
  • Catholic
  • JK - 8
St. John French Immersion 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
STEWART BLAIR
Phone:
(519) 672-9880
Cell:
519-933-6198
Office:
519-672-9880
Sales Representative
JEREMY ODLAND
Phone:
519-639-7664
Cell:
519-639-7664
Office:
519-672-9880
Salesperson
BRITTANY WURFEL
Phone:
(519) 673-9809
Cell:
(519) 673-9809
Office:
519-672-9880
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