Excellent investment opportunity in highly desirable and convenient London location, offering multiple income streams and significant rental upside. The property features a legal 4-unit residential building, with each apartment offering 3 bedrooms and 1 living room. Plus, a separate 2-bedroom, 1 liv...ing room house on the same property. The property is currently rented at approximately $500 per bedroom per month. Based on current rental demand and comparable accommodations in the area, market rents may be approximately $800 per bedroom per month, subject to market conditions, tenant demand, and applicable regulations. This represents meaningful potential for an investor to improve rental income over time through proper management and market positioning. The location is particularly attractive for a student and professional tenants, with a university, shopping, restaurants, public transit, and other amenities nearby. The property's multiple bedrooms, existing residential configuration and separate house provide excellent flexibility for rental income, owner occupancy, or multi-generational living. The property is currently zoned R8-4R3. . A rare opportunity to acquire a multi-unit property with a substantial existing accommodation, strong rental demand, and significant potential to increase income. An excellent option for investors seeking both current rental income and long-term appreciation and redevelopment potential.
Full Property Details
Interior
Bedrooms
14
Total Bedrooms
14
Washrooms
5
Square Footage
5000+ sqft
Basement
Half
Heating Source
Electric
Heating Fuel
Baseboard
Air Conditioning
None
Family Room
No
Kitchens
5
Total Kitchens
5
Fireplace Features
No
Bedrooms
14
Total Bedrooms
14
Washrooms
5
Square Footage
5000+ sqft
Basement
Half
Heating Source
Electric
Heating Fuel
Baseboard
Air Conditioning
None
Family Room
No
Kitchens
5
Total Kitchens
5
Fireplace Features
No
Exterior
Depth
104.0
Front
50.0
Acreage
< .50
Driveway
Private
Lot Size
50 x 104.0 ft
Pool
None
Parking Spaces
5
Total Parking Spaces
5.00
Parking Description
None
Garage Spaces
0
Zoning
R8-4R3
Depth
104.0
Front
50.0
Acreage
< .50
Driveway
Private
Lot Size
50 x 104.0 ft
Pool
None
Parking Spaces
5
Total Parking Spaces
5.00
Parking Description
None
Garage Spaces
0
Zoning
R8-4R3
Building Description
Style
Other
Home Type
Apartment
Subtype
Duplex
Year Built
51-99
Property Orientation
North
Exterior Finish
Brick
Sewers
Sewers
Water Supply
Municipal
Possession Date
10/9/2026
Style
Other
Home Type
Apartment
Subtype
Duplex
Year Built
51-99
Property Orientation
North
Exterior Finish
Brick
Sewers
Sewers
Water Supply
Municipal
Possession Date
10/9/2026
Community
Community
North K
Community
North K
Taxes & Fees
Taxes
$9,187 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$9,187 /yr
Tax Year
2025
Occupancy
Tenant
Room Types
Bedroom
-
Dimensions 10.07 x 10.01 feet
100.8 sqft
Bedroom
-
Dimensions 11.09 x 8.6 feet
95.37 sqft
Bedroom
-
Dimensions 11.19 x 8.89 feet
99.48 sqft
Bedroom
-
Dimensions 11.91 x 8.4 feet
100.04 sqft
Bedroom
-
Dimensions 11.91 x 9.09 feet
108.26 sqft
Bedroom
-
Dimensions 12.89 x 8.1 feet
104.41 sqft
Bedroom
-
Dimensions 13.48 x 12.89 feet
173.76 sqft
Bedroom
-
Dimensions 14.11 x 10.1 feet
142.51 sqft
Bedroom
-
Dimensions 14.3 x 11.19 feet
160.02 sqft
Bedroom
-
Dimensions 14.7 x 11.55 feet
169.78 sqft
Bedroom
-
Dimensions 15.09 x 11.38 feet
171.72 sqft
Bedroom
-
Dimensions 16.11 x 12.89 feet
207.66 sqft
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