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MLS® X12494880
London, ON
Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 8 one-bedroom units and 1 bachelor unit. Fully rented with reliable tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $134,166.96 and an NOI of $91,403.93. Ideal for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, new roof, new parking lot, coin-op laundry, ample parking, and exterior paint/siding updated in 2022.
Inclusions
All Landlord owned Appliances
Exclusions
All Tenant Belongings
Broker
THRIVE REALTY GROUP INC.
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Investment
153 Godfrey Drive London
London East
Type
Investment
Parking
None
Property Tax
~$15,105/yr
Heating
Gas Hot Water
Buying Essentials
Square Feet
5000 sqft
Parking
None
Finances
List Price
$1,525,000
Price per SQFT
$305/sqft
Property Tax
~$15,105/yr
Property Specs
Property Type
Investment
MLS Size
5000 sqft
Living & Amenities
Heating Type
Gas Hot Water
Policies & Utilities
Neighbourhood
London East
Listed On
Oct 31, 2025
Days on Market
Current: 372 days
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