For Sale340d on market
1576 Caledonia St
London, ON, N5W2W7 • Argyle • Middlesex County
$1,900,000
Down payment assistance available
18Beds
12Baths
0 acLot
Property DNA
Clear Views
Clear
Enhanced Security
Carbon Monoxide Detector(s) · Smoke Detector(s)
Market activity
Demand and pricing signals for this listing
25 views
People checking out this listing
3 saves
Buyers have saved this home
340 days on market
Established listing
About this home
Multi Family
An excellent investment opportunity: purpose-built, all-brick 12-unit apartment building featuring 6 spacious two-bedroom units and 6 one-bedroom units. This well-maintained property is fully rented with long-term tenants, offering stable cash flow and minimal vacancy risk. Located on a quiet dead-end street, it provides tenants with a peaceful living environment while being just minutes from Fanshawe College and offering quick access to Highway 401ideal for students, commuters, and working professionals alike. With an annual gross rental income of $117,780, this asset delivers solid returns, but there is significant potential to enhance income over time. Current rents are below market, presenting an opportunity for new ownership to gradually increase revenues through natural tenant turnover or strategic updates. A turnkey addition to any investment portfolio, this property combines immediate income with long-term upside in a high-demand rental area.
Standout features identified
Our analysis highlights spacious two-bedroom units, one-bedroom units, and well-maintained property as key attractions of this home.
Estimated monthly payment
Based on current rates
$12,392/month
Principal & Interest$9,859
Property Tax$1,900
Insurance$633
Down payment20% ($380,000)
3%50%
Est. 6.75% rate · 30yr fixed · $1,520,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
HeatingWater, Gas
CoolingNone
Parking16 Parking spaces
Days on Zillow340 Days
Property
Home typeMulti Family
Sub-typeMulti Family
Stories3
Systems
HeatingWater, Gas
CoolingNone
RoofFlat
ConstructionBrick
Water / SewerSewer
Parking & Outdoor
ParkingPrivate
BasementSeparate Entrance
Lot0.41 sqft
Location & Tax
NeighborhoodArgyle
Annual tax$23,204
Parcel081110019
Features & details
13 categories of property features
Interior Features
Interior
Separate Heating Controls
Storage
Appliances
Water Heater
Heating
Water
Gas
Cooling
None
Exterior Features
Exterior
Landscaped
Lighting
Parking
Private
Construction
Brick
Lot Features
Clear View
Public Transit
School
Irregular Lot
Security
Carbon Monoxide Detector(s)
Smoke Detector(s)
Views
Clear
Pool Features
None
Other Equipment
Intercom
Other Structures
None
Listing insights
Market data and value estimates
StatusFor Sale
Days on market340
Est. rent$1,739/mo
On marketMay 9, 2025
PostedMay 9, 2025
MLS updatedFeb 13, 2026
Tour days6
Views25
Favorites3
Location
London, ON, N5W2W7
Nearby homes
Neighborhood details
Local context around this listing
London, ON • Middlesex County
Nearby neighborhoods
ByronCrumlinHighburyLambethLondonRiver BendSharon CreekSunningdaleWestmountWoodhull
Nearby cities
Adelaide-MetcalfeLondonLucan BiddulphMiddlesex CentreNewburyNorth MiddlesexSouthwest MiddlesexStrathroy-Caradoc
Nearby zip codes
N5VN5XN5YN5ZN6CN6EN6GN6HN6JN6K
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