312 Piccadilly Street London East (East F), Ontario N6A 1S6
$875,000
First time offered in 42 Years! 312 Piccadilly sits on a quiet North London Street. The present owner has resided in the solid income property for 42 years and allowed him to derive a superior cash flow from the large apartments. 312 Piccadilly offers 4 units: Three 2 Bedroom Units and one 1 bedroom unit. Unit 3 Upper unit, where the owner resides, has an impressive Loft that was custom built. It overlooks the large living area with Projected income of $2650 monthly or $31,800 Yearly. Unit 2 Lower has a nice porch to sit on and enjoy the street scape, two bedrooms, hardwood floor, large principal rooms- ideal for an owner occupied unit. Presently rented Month to Month at $820.00. Projected income for this unit would be $2300.00 monthly or $27,600 Yearly. Unit 3, 1 bedroom is Vacant with projected income $1600.00 monthly or $19,200 Yearly. Unit 4 is Vacant with projected income $2000.00 monthly or $24,000 Yearly. Total projected income $102,000. This projection is based on upgrading the units as they come vacant. The area that this building sits in is close to University of Western Ontario, Saint Joesphs Hospital, with easy access to Fanshawe College, a short walk to Richmond Row with the famous Ceeps & Joe Kools, a grocery store, and lots of bike paths and parks. This is a perfect location. Parents, why buy a house your children can live in when you can buy an apartment building that will create a lasting income? Perfect to keep for them as the years pass on after they graduate, this building will appreciate- a true good long term investment. Owner will consider holding a First Mortgage with an appropriate down payment. Please note Apt tenant pays Heat. Apt Tenant pays Hydro. Apt 3 Owner occupied pays electric heat. Apt Tenant pays Hydro. Owner pays water for the building. Hours notice, See Floor Plans. (id:41954)
Property Details
| MLS® Number | X12422309 |
| Property Type | Multi-family |
| Community Name | East F |
| Amenities Near By | Hospital, Place Of Worship, Public Transit, Schools |
| Features | Irregular Lot Size |
| Parking Space Total | 4 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Amenities | Separate Electricity Meters |
| Appliances | Stove, Refrigerator |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block, Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 1500 - 2000 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 138 Ft |
| Size Frontage | 30 Ft ,10 In |
| Size Irregular | 30.9 X 138 Ft |
| Size Total Text | 30.9 X 138 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 4.72 m | 3.51 m | 4.72 m x 3.51 m |
| Main Level | Foyer | 2.1 m | 1.93 m | 2.1 m x 1.93 m |
| Main Level | Kitchen | 4.72 m | 3.47 m | 4.72 m x 3.47 m |
| Main Level | Bedroom | 3.08 m | 2.6 m | 3.08 m x 2.6 m |
| Main Level | Bedroom 2 | 2.68 m | 3.68 m | 2.68 m x 3.68 m |
https://www.realtor.ca/real-estate/28903126/312-piccadilly-street-london-east-east-f-east-f
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September 23 2025 08:53:22
London and St. Thomas Association of REALTORS®
Nu-Vista Premiere Realty Inc.