Exceptional 12-unit investment opportunity in the heart of London, offering strong in-place income and scale across two properties at 745 & 749 Hamilton Road. Currently generating $176,700 in annual gross income with a solid NOI of $152,242, this asset delivers an impressive ~11.7% cap rate at the list price. The property features a diverse unit mix including 1-bedroom units, bachelor units, a triplex component, plus additional income streams from a rear commercial/shop space, parking, and storage. Several units have tenant-paid utilities, improving operational efficiency and reducing landlord exposure. Strategically located along a high-traffic corridor with excellent transit access, this property benefits from consistent tenant demand and long-term rental stability. A rare opportunity for investors seeking strong cash flow with upside potential through rent optimization and further expense control. (id:374)
| MLS # | X13036168 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 121 |
| Listing Provided By | CENTURY 21 FIRST CANADIAN CORP | DURGA PRASAD AARIPAKA |
| Bed(s) | 8 |
|---|---|
| SQ Feet | 2,800 |
| Zoning | AC 4-5 |
| Cooling | Fully air conditioned |
|---|---|
| Heating | Other |
| Fireplace Yes / No | No |
| Parking Total | 14 |
|---|
| Water Source | Municipal water |
|---|
| Tax Annual Amount | 9250 |
|---|
| Province | ON |
|---|---|
| City | London East (East M) |
| Postal Code | N5Z1T8 |
| Listing VS Median (in N5Z1T8) | |
Price: $1,100,000 low | high Med: $1,100,000 sqft: 2,800 low | high Med: 2,800 $ / sqft: $393 low | high Med: $393 On site: 121 low | high Med: 121 | |
| Province | ON |
|---|---|
| City | London East (East M) |
| Postal Code | N5Z1T8 |
| Listing VS Median (in N5Z1T8) | |
Price: $1,100,000 low | high Med: $1,100,000 sqft: 2,800 low | high Med: 2,800 $ / sqft: $393 low | high Med: $393 On site: 121 low | high Med: 121 | |