351 Princess Avenue · London, N6B 2A7
MLS® X14140328
Listing courtesy of Thrive Realty Group INC.·Listing last changed 16 hours ago
Key facts
- Property type
- Multiplex
- Square footage
- 3,500-5,000 sqft
- Lot size
- 33 × 198 ft
- Parking
- 12 spaces
- Property tax
- $20,615/yr (2025)
Description
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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Property details
Interior
- Size
- 3,500-5,000 sqft
- Rooms
- 40 rooms · 10 kitchens
- Bathrooms
- 10 × 4-piece
- Basement
- Full
- Heating
- Water
- Cooling
- Other
Building & lot
- Type
- Multiplex, 2-Storey
- Lot size
- 33 × 198 ft
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Flat
- Water & sewer
- Sewer
Parking
- Garage
- 10 car Detached
- Parking
- 12 spaces
Fees & taxes
- Property tax
- $20,615/yr (2025)
Estimated value range
$1.7M to $1.9M
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Schools nearbyclosest is London Central Secondary School, 130 m
Elementary
- 7.8
Woodfield French Immersion Public School
380 m · Grades JK-8
Thames Valley District School Board
- 8.0
St Georges Public School
1.0 km · Grades JK-8
Thames Valley District School Board
- 9.3
St Mary School
1.3 km · Grades 5-8
London District Catholic School Board
Secondary
- 8.0
London Central Secondary School
130 m · Grades 9-12
Thames Valley District School Board
- 5.7
Catholic Central High School
420 m · Grades 9-12
London District Catholic School Board
- 5.3
H B Beal Secondary School
770 m · Grades 9-12
Thames Valley District School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $10,776/mo all in
Monthly payment estimate
Land transfer tax$32,475 on closing
Ontario LTT
$32,475
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed today
Sold comparables nearby
Sold720 Dundas Street, London East
See what these 1 homes sold for
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Affordabilityneeds $451,000 household income
Minimum household income required
$451,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Call Colin at (226) 212-5099 or text
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Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
Not intended to solicit clients already under contract.
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