Residential Income
$ 3,900,000.00
Description
Prime 20-unit apartment building available for sale in London ON. This property offers a desirable unit mix
consisting of 7 2-bedroom, 12 1-bedroom, and one bachelor unit. According to 2021 census data, London has
become Ontario’s fastest growing city. Rising interest rates have slowed the residential resale market, but only
further fuelled red hot demand in the rental market. A survey of nearby rental listings shows, relative to the current
rent roll, estimated 81% upside to market rents. The property is strategically located near the intersection of
Highbury Road and Hamilton Road offering direct access to transit to/from Fanshawe College and downtown. With
functional unit layouts, solid construction, and a convenient location these building checks all the boxes for the ideal
long term investment.
View on map / Neighborhood
Location & Schools
- MLSAreaMajor: East
- MLSAreaMinor: East M
- CountyOrParish: Middlesex
- Directions: From Highbury, turn West onto Hamilton, then South onto Elgin Street - property access off of Elgin and Highbury.
- Zoning: RBDC (35) H13
Property Details
- ParcelNumber: 083410001
- AboveGradeFinishedArea: 15000
- StoriesTotal: 3
- ConstructionMaterials: Brick, Block, Concrete, Steel Siding
- AcresRange: < 0.5
Courtesy of
- ListOfficeName: PRIME REAL ESTATE BROKERAGE
917 Hamilton Road London ON N5Z 1W3. MLS 40339680. This Apartment style property is located in Hamilton Road is currently Residential Income. This property is listed at $ 3,900,000.00. It has bedrooms, bathrooms. The property was built in 1956 year.
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