351 PRINCESS AVENUE

London East (East F), , N6B2A7, Canada

$1,800,000

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.

EXTRAS: Water Heater

Last updated on : Monday 2nd of November 2026 03:30:04 PM

ADDRESS

Street : 351 PRINCESS AVENUE

City : London East (East F)

Country : Canada

Postal Code : N6B2A7

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PROPERTY SUMMARY

Property ID : X14140328

Building Type : Other

Property Type : Multi-family

Bedrooms : 10

Bathrooms : 10

Parking : 12

Parking Type: Detached Garage, Garage

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