For saleMLS® X14140328
351 Princess Avenue
London, N6B 2A7
$1,800,000
- Bedrooms
- 10
- Bathrooms
- 10
- Interior
- 3,500-5,000 ft²
- Lot
- 33 × 198 ft
- Type
- Multi-unit
About this home
Investment Opportunity in the heart of desirable Woodfield! Welcome to 315 Princess Ave, this 10-unit income property offers an excellent opportunity for investors looking to add a solid, established asset to their portfolio. The property features ten 1-bedroom rental units and a 10-car garage, providing both reliable rental income and valuable parking. 2% cap rate, this property combines strong current performance with long-term investment potential in one of London's most sought-after central neighbourhoods.
Several important upgrades have already been completed, including a new hot water boiler in 2019, two owned hot water tanks installed approximately in 2022, 60-amp breaker panels in all units, and a flat roof approximately 6 years old. Coin operated Washer & Dryer on site. With 9 units currently occupied, recent capital improvements, ample garage parking, and a prime Woodfield location close to the amenities, restaurants, shops, and conveniences of central London, 315 Princess Ave is an excellent opportunity to acquire a turnkey multi-residential investment with proven income.
Property details
- Property type
- Multiplex
- Ownership
- Freehold
- Style
- 2-Storey
- Property taxes
- $20,615 (2025)
- Heating
- Water, Gas
- Basement
- Full
- Parking
- 12 spaces, detached garage
- Sewer
- Sewer
- Lot
- 33 × 198 ft lot
- Time on market
- Listed today
Features
Inside
- Water Heater Owned
Outside
- Brick
- Flat roof
Location
Thinking about the area? Read my guide to London.
Estimate your payment
20% down. The minimum on this price is $360,000.
Your monthly payment
$7,970
- Mortgage amount
- $1,440,000
- Interest over the amortization
- $951,003
An estimate at a fixed rate compounded twice a year, with default insurance under 20% down. Your lender sets the real numbers, and I am happy to put you in touch with a mortgage professional.
More homes in London.
$339,900
7 Picton Street, Unit 404
London · Condo
- 2 bedrooms
- 2 bathrooms
- 1,200-1,399 ft²
Listed by BLUE FOREST REALTY INC.
$322,700
7 Picton Street, Unit 501
London · Condo
- 2 bedrooms
- 2 bathrooms
- 1,400-1,599 ft²
Listed by BLUE FOREST REALTY INC.
$1,899,000
512 Colborne Street
London · Detached
- 4 bedrooms
- 3 bathrooms
- 3,500-5,000 ft²
Listed by ROYAL LEPAGE TRILAND REALTY
$699,000
334 Queens Avenue
London · Other
- 20 bedrooms
- 3 bathrooms
- 2,500-3,000 ft²
Listed by RE/MAX CENTRE CITY REALTY INC
$1,249,000
434 Dufferin Avenue
London · Multi-unit
- 6 bedrooms
- 6 bathrooms
- 3,000-3,500 ft²
Listed by ROYAL LEPAGE TRILAND REALTY
$719,900
303 Pall Mall Street
London · Detached
- 5 bedrooms
- 2 bathrooms
- 1,500-2,000 ft²
Listed by KELLER WILLIAMS LIFESTYLES