$1,800,000 Sale

Listed 2 hours ago

351 Princess Avenue

MLS® x14140328 Multiplex

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Beds · 10

Baths · 10

Parking · 12

Sqft · 3500-5000

Est. mortgage

$6,829/mo

Property Taxes

$20,615/yr

Key Facts

Key facts for 351 Princess Avenue

Property Type

Apartment, 2-Storey

Parking

Detached 10 garage, 12 parking

MLS #

X14140328

Size

3500-5000 sqft

Basement

Full

Listed on

2026-11-02

Lot size

33 x 198.0

Tax

$20,615 /yr

Days on Market

Approximate Age

Maintenance Fee

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, prov...iding 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.

Full Property Details

Interior

Bedrooms

Total Bedrooms

Washrooms

Square Footage

3500-5000 sqft

Basement

Full

Heating Source

Gas

Heating Fuel

Water

Air Conditioning

Other

Family Room

Kitchens

Total Kitchens

Fireplace Features

Bedrooms

Total Bedrooms

Washrooms

Square Footage

3500-5000 sqft

Basement

Full

Heating Source

Gas

Heating Fuel

Water

Air Conditioning

Other

Family Room

Kitchens

Total Kitchens

Fireplace Features

Exterior

Depth

198.0

Front

33.0

Lot Size

33 x 198.0 ft

Pool

None

Parking Spaces

Total Parking Spaces

12.00

Parking Description

Detached

Garage Spaces

Depth

198.0

Front

33.0

Lot Size

33 x 198.0 ft

Pool

None

Parking Spaces

Total Parking Spaces

12.00

Parking Description

Detached

Garage Spaces

Building Description

Style

2-Storey

Home Type

Apartment

Subtype

Multiplex

Property Orientation

South

Exterior Finish

Brick

Sewers

Water Supply

Municipal

Possession Date

No Data

Style

2-Storey

Home Type

Apartment

Subtype

Multiplex

Property Orientation

South

Exterior Finish

Brick

Sewers

Water Supply

Municipal

Possession Date

No Data

Community

East F

Community

East F

Taxes & Fees

Taxes

$20,615 /yr

Tax Year

2025

Occupancy

Tenant

Taxes

$20,615 /yr

Tax Year

2025

Occupancy

Tenant

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