For Sale: 351 Princess Avenue, London, ON - REW
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$1,800,000
10 bd • 10 ba • 3500 - 4999 sf • Multifamily
351 Princess Avenue
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$1,800,000
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351 Princess AvenueLondon, ON, N6B 2A7

Central London
  • 10 Bed
  • 10 Bath
  • 3500 - 4999 Sqft
  • Multifamily

About this home

Investment Opportunity in the heart of desirable Woodfield! Welcome to 315 Princess Ave, this 10-unit income property offers an excellent opportunity for investors looking to add a solid, established asset to their portfolio. The property features ten 1-bedroom rental units and a 10-car garage, providing both reliable rental income and valuable parking. Generating approximately $157,431 in total revenue and offering a 6.2% cap rate, this property combines strong current performance with long-term investment potential in one of London's most sought-after central neighbourhoods. Several important upgrades have already been completed, including a new hot water boiler in 2019, two owned hot water tanks installed approximately in 2022, 60-amp breaker panels in all units, and a flat roof approximately 6 years old. Coin operated Washer & Dryer on site. With 9 units currently occupied, recent capital improvements, ample garage parking, and a prime Woodfield location close to the amenities, restaurants, shops, and conveniences of central London, 315 Princess Ave is an excellent opportunity to acquire a turnkey multi-residential investment with proven income. (id:63626)
Listed by: KEVIN MILLER, Sales Representative, THRIVE REALTY GROUP INC.

Home facts and features

Price details
List Price
$1,800,000
Get Pre-Approved
Gross Taxes for 2025
$20,615
Home facts
Bedrooms
10
Full Bathrooms
10
Parking Spaces
12
Parking Details
Garage, Detached Garage
Property Type
Multifamily
Lot Size
33 ft x 198 ft (6534 ft²)
Depth
198 feet
Frontage
33.0 feet
Exterior Finish
Brick
Heating Type
Natural gas
Basement Details
Full
Appliances
Water Heater
Community
Agent details
Primary Agent
KEVIN MILLER
Primary Broker
THRIVE REALTY GROUP INC.
Listing details
Days on REW
1 Day
MLS® Number
X14140328
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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Property Insights

London Central Secondary School
  • Public
  • 9 - 12
Catholic Central High School
  • Catholic
  • 9 - 12
H B Beal Secondary School
  • Public
  • 9 - 12
St Georges Public School
  • Public
  • JK - 8
St Mary School
  • Catholic
  • 5 - 8
Aberdeen Public School
  • Public
  • JK - 8
St. John French Immersion School
  • Catholic
  • JK - 8
St Michael School
  • Catholic
  • JK - 8
Jeanne-Sauvé Public School
  • Public
  • K - 8
Ryerson Public School
  • Public
  • 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
KEVIN MILLER
Phone:
(519) 649-6900
Cell:
519-702-6455
Office:
519-204-5055
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