153 Godfrey Drive, London East (East D), Ontario N5V 2E8 (29052149)
153 Godfrey Drive London East (East D), Ontario N5V 2E8
$1,525,000
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. (id:46416)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12494880 |
| Property Type | Multi-family |
| Community Name | East D |
| Parking Space Total | 12 |
Building
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 5000 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 124 Ft ,11 In |
| Size Frontage | 83 Ft ,2 In |
| Size Irregular | 83.21 X 124.98 Ft |
| Size Total Text | 83.21 X 124.98 Ft |
| Zoning Description | R9-2*h-12 |
https://www.realtor.ca/real-estate/29052149/153-godfrey-drive-london-east-east-d-east-d
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Avery Mellor
Salesperson
660 Maitland Street
London, Ontario N5Y 2V8
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October 31 2025 01:52:41
London and St. Thomas Association of REALTORS®
Thrive Realty Group Inc.
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Yvonne Steer, Elgin Realty Limited, Brokerage - St. Thomas Real Estate Agent
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