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351 Princess Avenue in London East for sale

Asking price
$1,800,000
Estimate (Nov 02)
$1,649,459
MLS #:
X14140328
Type:
Multiplex, 2-Storey
Approx. SQFT:
3500-5000
Basement:
Full
10 10
10 33 x 198 ft lot
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. Generating approximately $157,431 in total revenue and offering a 6.2% 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.

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  • Date Listed: Monday, November 02, 2026
  • Listing Brokerage: Thrive Realty Group Inc. - Disclaimer: The information contained in this listing has not been verified by Thrive Realty Group Inc. and should be verified by the buyer.
  • City: London East

    More 10 bedrooms homes for sale in London East

  • Neighbourhood: East F
  • Major Intersection: Waterloo St and Princess Ave
  • Full Address: 351 Princess Avenue, London East, N6B 2A7, Canada, ON, Canada
  • Amenities:
  • Taxes: $20,615.00 (2025)

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