500-502 Colborne ST new Save Request In-Person Tour Request Virtual Tour
London East,ON N6B 2T5
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision East F
MLS Listing ID X12339936
Style 3-Storey
Bedrooms 11
Building Age 100+
Annual Tax Amount $13,410
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Introducing an exceptional investment opportunity in the heart of the city! 500/502 Colborne Street is a five-unit multi-family property located in the highly desirable Woodfield neighbour hood - ideal for investors looking to maximize rental income in one of Londons most sought aftermarkets. This turnkey property offers strong cash flow potential with prime rents and consistent tenant demand. The exterior is well-maintained and recently updated, providing excellent curb appeal and parking for up to six vehicles. Inside, the building features five spacious, well designed units with open-concept layouts that will appeal to todays renters, with one of the main units recently undergoing extensive updating. One of the units include in-suite laundry, while the remaining tenants have access to an on site shared laundry area. With aCity of London rental license already in place, this property offers peace of mind for investors of types. Tenants will appreciate the unbeatable location, with shopping, dining, entertainment, and transit just steps away - making 500/502 Colborne a solid, income-producing asset in a high-demand area.
Location
Province ON
County Middlesex
Community East F
Area Middlesex
Zoning R3-2
Rooms
Family Room No
Kitchen 5
Interior
Cooling None
Inclusions 5 Refrigerators, 5 stoves, 3 Dishwashers, 2 Washers, 2 Dryers, 3 Hot water heaters
Exterior
Exterior Feature Landscaped,Porch,Porch Enclosed
Parking Features Available
Pool None
Roof Type Asphalt Shingle
Building
Foundation Block