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Jacqueline Tai
Engel & Völkers Toronto Central, Brokerage
jacqueline.tai@engelvoelkers.com +1(416) 219-6066$ 1,525,000
Est. payment /mo
Pending
153 Godfrey DR London East, ON N5V 2E8
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Subdivision East D
MLS Listing ID X12494880
Annual Tax Amount $15,105
Tax Year 2025
Property Sub-Type Investment
Property Description
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 $133,755 and an NOI of $95,570. 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.
Location
Province ON
County Middlesex
Community East D
Area Middlesex
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 83.21
Lot Depth 124.98
Others
ParcelsYN No
Listed by THRIVE REALTY GROUP INC.