1576 Caledonia Street, London East, ON

Located at 1576 Caledonia Street, London East, ON in London East (East H neighbourhood), near Spruce Street. This freehold home offers Multiplex, ["3-Storey"], 18 bedrooms, 12 bathrooms and 5000 + sq.ft. (approx.) in a layout suited to everyday family living. Basement: Separate Entrance • 16 parking spots • Garage: None • Heating: Gas Water • Cooling: None. Property taxes are approximately $23,204 for 2024. An excellent investment opportunity: purpose-built, all-brick 12-unit apartment building featuring 6 spacious two-bedroom units and 6 one-bedroom units. This well-maintained property is fully rented with long-term tenants, offering stable cash flow and minimal vacancy risk. Located on a quiet dead-end street, it provides tenants with a peaceful living environment while being just minutes from Fanshawe College and offering quick access to Highway 401ideal for students, commuters, and working professionals alike. With an annual gross rental income of $117,780, this asset delivers solid returns, but there is significant potential to enhance income over time. Current rents are below market, presenting an opportunity for new ownership to gradually increase revenue.