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About the Listing 355002 -
Fantastic investment opportunity in London ON! This site contains 3 purpose built 12 plex's, each with 10 two bedroom units and two one bedroom units (one building has had two of the 2 bedroom units converted into one large unit by the former owner, would be easy to convert back into two units). It sits on over two acres, and that includes a vacant lot that is zoned R8-2 and is just over 0.6 acres (66 feet by 420 feet) that would be perfect to add some additional units to the property. Current rent roll is over $500,000 a year with loads of upside potential to increase to current market rent, currently 13 of the two bedroom units are under market rent. Each unit is separately metered for hydro, each building has its own laundry room, and many updates have been done over the years including new boilers (2023), many new windows (as needed), and most of the units have also been updated (as they become vacant they are renovated). This is a tremendous addition to any investor's portfolio so act today!
Listing Highlights
Status
Active
Days on Site
8
Property Type
Commercial Sale
MLS ®
X13534198
Year Built
Total Square Footage
0
Lot/Acreage
2.08
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: No
- Heating: Gas Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Sanitary
- Parking Features: No Garage
Financial Details
- Tax Amount: $75,495
- Taxes w/Assessments: N/A
- Tax/Property ID: 083540065
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
320-324 Thompson Rd London, ON N5Z 2Z2
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