The Opportunity
Overview
Purpose-built four-plex that has been comprehensively renovated with major capital systems addressed, including updated electrical and plumbing throughout, new windows, modern kitchens and bathrooms, full basement waterproofing in all four units, rebuilt walkways, and new paving-stone patios. Each unit currently offers two main-floor bedrooms and a full basement that has already been professionally roughed in for two additional bedrooms, a bathroom, and a family room. Basement completion is estimated at under $100,000 total and presents a clear value-add opportunity, with projected rental upside of approximately $740 per month per unit. Three units are currently leased at $1,800 per month plus utilities on a month to month basis with the understanding that the new owners may want vacant possession to finish the basements. At full occupancy at current rents, annual gross income is projected at $91,200. Upon basement completion, projected net operating income increases to approximately $109,154, resulting in an estimated 6.5% cap rate. (id:61970)
Investment highlights
- 01Multi-family
Property details
- Property type
- Multi-family
- Transaction
- sale
- Listing brokerage
- PRIME REAL ESTATE BROKERAGE
- Listing representative
- TREVOR TYSON
- Board / association
- London and St. Thomas
Financial information
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Location intelligence
Documents
Source Record
Current listing facts, with attribution intact.
- Source
- REALTOR.ca DDF®
- Listing status
- active
- Source ID
- 29259171
- Last supplied
- June 17, 2026
- Listing brokerage
- PRIME REAL ESTATE BROKERAGE
- Listing representative
- TREVOR TYSON
- Board / association
- London and St. Thomas
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Listing brokerage: PRIME REAL ESTATE BROKERAGE · Listing representative: TREVOR TYSON · Board/association: London and St. Thomas · Updated: Jun 17, 2026
Listing content is supplied through REALTOR.ca DDF®. Information is deemed reliable but is not guaranteed and should be independently verified. Commercially is not the listing brokerage unless expressly stated.
