1576 CALEDONIA STREET
London and St. Thomas · N5W2W7
$1,750,000
About this residence
An excellent investment opportunity: purpose-built, all-brick 12-unit apartment building featuring 6 spacious two-bedroom units and 6 one-bedroom units. This well-maintained property is fully rented with long-term tenants, offering stable cash flow and minimal vacancy risk. Located on a quiet dead-end street, it provides tenants with a peaceful living environment while being just minutes from Fanshawe College and offering quick access to Highway 401ideal for students, commuters, and working professionals alike. With an annual gross rental income of $117,780, this asset delivers solid returns, but there is significant potential to enhance income over time. Current rents are below market, presenting an opportunity for new ownership to gradually increase revenues through natural tenant turnover or strategic updates. A turnkey addition to any investment portfolio, this property combines immediate income with long-term upside in a high-demand rental area. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Other
- Bedrooms
- 18 (18 above)
- Bathrooms
- 12
- Storeys
- 3
- Living area
- 5,000–100,000 sq ft
- Lot size
- 97 FT ; 110.52 ft x 182.45 ft x 97.24 ft x 162.3
- Frontage
- 97 feet
- Parking
- 16 spaces
- Annual tax
- $23,204
- MLS®
- X12137351
- Board
- London and St. Thomas
- Status
- Active
- Listed
- May 9, 2025
- Updated
- May 24, 2026
Features & finishes
Appliances
- Water Heater
- Intercom
- Water meter
Heating
- Natural gas
Basement
- Separate entrance
Exterior
- Brick
Foundation
- Concrete
Parking
- No Garage
Lot
- Flat site
- Irregular lot size
- Lighting
Sewer & Utilities
- Sanitary sewer
- Cable
- Electricity
- Sewer
Views
- View
Financing
Estimated monthly payment
$8,184/mo
Loan amount
$1,400,000
Down payment
$350,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
London and St. Thomas
Frequently asked questions
What is the asking price for 1576 CALEDONIA STREET?
1576 CALEDONIA STREET is listed for $1,750,000, in London and St. Thomas.
How many bedrooms and bathrooms does 1576 CALEDONIA STREET have?
It offers 18 bedrooms and 12 bathrooms.
What type of home is 1576 CALEDONIA STREET?
1576 CALEDONIA STREET is a Multi-family, Other set over 3 storeys.
How large is 1576 CALEDONIA STREET?
The home offers approximately 5,000–100,000 sq ft of living space on a lot measuring 97 FT ; 110.52 ft x 182.45 ft x 97.24 ft x 162.3.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $8,184. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $23,204 per year.
Is there parking?
Yes — 1576 CALEDONIA STREET includes 16 parking spaces.
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Comparable Other near London and St. Thomas at a similar price.
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