Presenting a rare opportunity to acquire a 7-unit multifamily property package in the heart of downtown London. This offering includes both a triplex and a fourplex, providing immediate cash flow and long-term value-add potential. The unit mix features four 2-bedroom units and three 1-bedroom units, appealing to a wide tenant demographic. Four units have been fully renovated with modern upgrades, offering strong rental appeal and reduced maintenance, while the remaining three units present clear potential for forced appreciation through cosmetic and functional improvements. Currently operating at a 5.4% cap rate, this property provides solid in-place returns with the opportunity to further enhance income as rents are brought to market and value-add improvements are completed. Shared on-site laundry facilities provide additional tenant convenience and a secondary income stream. Strategically located just steps from Londons downtown core, tenants benefit from proximity to transit, shopping, dining, employment hubs, and post-secondary institutions. This central location helps ensure consistent rental demand and low vacancy. For investors seeking both stability and upside, this property represents an exceptional opportunity to acquire a turnkey asset with multiple pathways to grow equity and cash flow.
Under Contract:
Hot Water Heater
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
2-Storey
Approx. Age:
100+
Total Approx Floor Area:
3500-5000
Depth:
77'5"23.6 m
Frontage:
56'17.1 m
Topography:
Flat
Direction Faces:
North
Bedrooms:
11
Bathrooms:
7.0
Water supply:
Municipal
Kitchens:
7
Bedrooms Above Grade:
11
Kitchens Above Grade:
7
Rooms Above Grade:
33
Zoning:
OR
Assignment:
No
Heating type:
Baseboard
Heating Fuel:
Electric
Foundation:
Brick
Roof:
Asphalt Shingle
Basement:
Full, Unfinished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
Private
Parking Spaces:
2
Total Parking Spaces:
2.0
Family Room:
Yes
Possession Details:
Flexible
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment Year:
2024
Taxes:
$8,331.68 /
2025
Assessment:
$- /
2024
London East
East G
Middlesex
Arts Centre, Hospital, Library, Park, Place Of Worship, Public Transit
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Listed by PRIME REAL ESTATE BROKERAGE
Data was last updated September 6, 2025 at 08:15 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$1,349,000
Min list price:
$399,900
Max list price:
$9,495,000
Avg days on market:
53
Min days on market:
2
Max days on market:
173
These statistics are generated based on the current listing's property type
and located in
London East. Average values are
derived using median calculations. This data is not produced by the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.