25
See all 25 photos
$6,250,000
Est. payment /mo
Active
320-324 Thompson RD London South, ON N5Z 2Z2
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision South I
MLS Listing ID X13534198
Annual Tax Amount $75,495
Tax Year 2026
Property Sub-Type Investment
Property Description
Fantastic investment opportunity in London ON! This site contains 3 purpose built 12 plex's, each with 10 two bedroom units and two one bedroom units (one building has had two of the 2 bedroom units converted into one large unit by the former owner, would be easy to convert back into two units). It sits on over two acres, and that includes a vacant lot that is zoned R8-2 and is just over 0.6 acres (66 feet by 420 feet) that would be perfect to add some additional units to the property. Current rent roll is over $500,000 a year with loads of upside potential to increase to current market rent, currently 13 of the two bedroom units are under market rent. Each unit is separately metered for hydro, each building has its own laundry room, and many updates have been done over the years including new boilers (2023), many new windows (as needed), and most of the units have also been updated (as they become vacant they are renovated). This is a tremendous addition to any investor's portfolio so act today!
Location
State ON
County Middlesex
Area Middlesex
Interior
Cooling No
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 174.06
Lot Depth 790.0
Others
ParcelsYN No
Listed by ROYAL LEPAGE TRILAND REALTY
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