$1,525,000
Available - For Sale
Listing ID: X12494880
153 Godfrey Drive , London East, N5V 2E8, Middlesex
| Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 8 one-bedroom units and 1 bachelor unit. Fully rented with reliable tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $133,755 and an NOI of $95,570. Ideal for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, new roof, new parking lot, coin-op laundry, ample parking, and exterior paint/siding updated in 2022. |
| Price | $1,525,000 |
| Taxes: | $15105.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 153 Godfrey Drive , London East, N5V 2E8, Middlesex |
| Postal Code: | N5V 2E8 |
| Province/State: | Middlesex |
| Legal Description: | PART BLOCK D RP872 AS IN 586533; SUBJECT |
| Directions/Cross Streets: | Highbury Ave N and Huron St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 0 | |
| Washroom Type 27 | 0 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 5000.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
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| THRIVE REALTY GROUP INC. |
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416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Com - Investment |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East D |
| Tax: | $15,105 |
| Fireplace: | N |
Locatin Map:
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