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$1,299,999
Available - For Sale
Listing ID: X13211624
Exceptional investment opportunity in the heart of downtown London! This well-maintained 5-plex offers a strong 4.6% cap rate with excellent income potential exceeding $86,000 annually. Pride of ownership is evident throughout, as the property has been meticulously cared for with numerous updates completed over the years, providing peace of mind for investors seeking a low-maintenance addition to their portfolio. The property features on-site tenant parking, a highly desirable amenity in the downtown core, and attracts quality long-term tenants with its unbeatable location. Situated within walking distance to Victoria Park, restaurants, shopping, entertainment, transit, and major downtown amenities. Conveniently close to St. Joseph's Health Care London, Western University, and nearby schools, making it an ideal property for consistent rental demand. A rare multi-family opportunity in one of London's most sought-after rental locations - perfect for both seasoned investors and those looking to expand their real estate portfolio.
Price $1,299,999
Taxes: $11,232
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 305 Central Avenue , London East, N6B 2C9, Middlesex
Postal Code: N6B 2C9
Province/State: Middlesex
Directions/Cross Streets: Central and Wellington
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Building Percentage: T
Total Area: .12
Total Area Code:  Acres
Maintenance: 0
Net Income Before Debt: $60933
Expenses Actual/Estimated: $Act
Heat Type: Water Radiators
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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ONE PERCENT REALTY LTD.

305 Central Avenue , London East, N6B 2C9, Middlesex

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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Type: Com - Investment
Area: Middlesex
Municipality: London East
Neighbourhood: East F
Style:
Lot Size: x 133.50(Feet)
Approximate Age:
Tax: $11,232
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949