153 GODFREY DRIVE
London and St. Thomas · N5V2E8
$1,525,000
About this residence
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. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Multi-Family
- Living area
- 5,000 sq ft
- Lot size
- 83.21 x 124.98 FT
- Frontage
- 83.2 feet
- Parking
- 12 spaces
- Annual tax
- $15,105
- MLS®
- X12494880
- Board
- London and St. Thomas
- Status
- Inactive
- Listed
- Oct 31, 2025
- Updated
- Jan 1, 2026
Features & finishes
Heating
- Hot water radiator heat
- Natural gas
Financing
Estimated monthly payment
$7,132/mo
Loan amount
$1,220,000
Down payment
$305,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
London and St. Thomas
About the area
Census · N5V- 32,961
- Population
- 36
- Median age
- $74,500
- Median income
- $448,000
- Median home value
- 62%
- Home ownership
- 24 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 153 GODFREY DRIVE?
153 GODFREY DRIVE is listed for $1,525,000, in London and St. Thomas.
What type of home is 153 GODFREY DRIVE?
153 GODFREY DRIVE is a Multi-family, Multi-Family.
How large is 153 GODFREY DRIVE?
The home offers approximately 5,000 sq ft of living space on a lot measuring 83.21 x 124.98 FT.
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 $7,132. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $15,105 per year.
Is there parking?
Yes — 153 GODFREY DRIVE includes 12 parking spaces.
What is the London and St. Thomas area like?
London and St. Thomas has a population of about 32,961, a median age of 36, a 62% home-ownership rate, with an average commute of about 24 minutes.
What is the average home value in London and St. Thomas?
The median dwelling value in this area is approximately $448,000, based on census data via Neighbourly.
What is the median household income in London and St. Thomas?
The median household income in this area is approximately $74,500.
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