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.
Full Property Details
Interior
Bedrooms
10
Total Bedrooms
10
Washrooms
10
Square Footage
3500-5000 sqft
Basement
Full
Heating Source
Gas
Heating Fuel
Water
Air Conditioning
Other
Family Room
No
Kitchens
10
Total Kitchens
10
Fireplace Features
No
Bedrooms
10
Total Bedrooms
10
Washrooms
10
Square Footage
3500-5000 sqft
Basement
Full
Heating Source
Gas
Heating Fuel
Water
Air Conditioning
Other
Family Room
No
Kitchens
10
Total Kitchens
10
Fireplace Features
No
Exterior
Depth
198.0
Front
33.0
Lot Size
33 x 198.0 ft
Pool
None
Parking Spaces
12
Total Parking Spaces
12.00
Parking Description
Detached
Garage Spaces
10
Depth
198.0
Front
33.0
Lot Size
33 x 198.0 ft
Pool
None
Parking Spaces
12
Total Parking Spaces
12.00
Parking Description
Detached
Garage Spaces
10
Building Description
Style
2-Storey
Home Type
Apartment
Subtype
Multiplex
Property Orientation
South
Exterior Finish
Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Style
2-Storey
Home Type
Apartment
Subtype
Multiplex
Property Orientation
South
Exterior Finish
Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Community
Community
East F
Community
East F
Taxes & Fees
Taxes
$20,615 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$20,615 /yr
Tax Year
2025
Occupancy
Tenant
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