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Est. payment /mo
Price Dropped by $199K
745 & 749 HAMILTON RD London East, ON N5Z 1T8
2,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Subdivision East M
MLS Listing ID X13036168
Annual Tax Amount $9,250
Tax Year 2025
Property Sub-Type Investment
Property Description
Exceptional 12-unit investment opportunity in the heart of London, offering strong in-place income and scale across two properties at 745 & 749 Hamilton Road. Currently generating $176,700 in annual gross income with a solid NOI of $152,242, this asset delivers an impressive ~11.7% cap rate at the list price. The property features a diverse unit mix including 1-bedroom units, bachelor units, a triplex component, plus additional income streams from a rear commercial/shop space, parking, and storage. Several units have tenant-paid utilities, improving operational efficiency and reducing landlord exposure. Strategically located along a high-traffic corridor with excellent transit access, this property benefits from consistent tenant demand and long-term rental stability. A rare opportunity for investors seeking strong cash flow with upside potential through rent optimization and further expense control.
Location
Province ON
County Middlesex
Area Middlesex
Zoning AC 4-5
Rooms
Kitchen 0
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 21.0
Lot Depth 140.0
Building
Building Age 51-99
New Construction false
Others
ParcelsYN No
Listed by CENTURY 21 FIRST CANADIAN CORP
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145 Wharncliffe Rd S, London, ON N6J 2K4, CAN
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