$1,800,000 Sale

Listed 1 day

351 PRINCESS AVENUE

MLS® x14140328 Multi Family

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Beds · 10

Baths · 10.0

Parking · 12

Sqft · 3500 - 5000

Est. mortgage

$6,829/mo

Key Facts

Key facts for 351 PRINCESS AVENUE

Property Type

Apartment

Parking

Garage: Yes, 12 parking

MLS #

X14140328

Size

3500 - 5000 sqft

Basement

Full

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

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, prov...iding 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:10452)

Full Property Details

Interior

Bedrooms

Washrooms

10.0

Square Footage

3500 - 5000 sqft

Basement

Full

Heating Source

Natural gas

Full Bathrooms

Half Bathrooms

Bedrooms

Washrooms

10.0

Square Footage

3500 - 5000 sqft

Basement

Full

Heating Source

Natural gas

Full Bathrooms

Half Bathrooms

Exterior

Acreage

33 x 198 FT

Parking Spaces

Garage Spaces Y/N

Yes

Acreage

33 x 198 FT

Parking Spaces

Garage Spaces Y/N

Yes

Building Description

Home Type

Apartment

Subtype

Multi Family

Exterior

Brick

Sewers

Sanitary sewer

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi Family

Exterior

Brick

Sewers

Sanitary sewer

Water Supply

Municipal water

Community

East F

Area Code

London East (East F)

Community

East F

Area Code

London East (East F)

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Roger Townsend

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