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Home ON Greater London Middlesex County London Huron Heights
139 GODFREY DRIVE
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139 GODFREY DRIVE $1,700,000
$1,700,000
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139 GODFREY DRIVE
London East (East D), Ontario N5V2E8

MLS® Number: X12494896

Listing Description

Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 6 two-bedroom, 2 one-bedroom, and 1 bachelor unit. Fully rented with great tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $141,291 with an NOI of $94,896. Attractive assumable financing available (approx. 2.69%, subject to lender approval - contact listing agent for details). Perfect for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, coin-op laundry, ample parking, and exterior paint/siding updated in 2022. (41547046)

Location Description

Cross Streets: Highbury Ave N and Huron St. ** Directions: Heading south on Highbury Ave N, turn left onto Godfrey Dr and another left to stay on Godfrey Dr. Property on right side.

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
East D
Land Size
75.97 x 127 FT ; 126.01 x 123.55 x 128 x 75.97
Annual Property Taxes
$16,777.55
Total Parking Spaces
12
Time on REALTOR.ca
45 days

Building

Building Features
Features
Irregular lot size
Heating & Cooling
Cooling
None
Heating Type
Hot water radiator heat (Natural gas)
Utilities
Water
Municipal water
Business
Business Type
Residential (Apartments)
Parking
Total Parking Spaces
12

Measurements

Square Footage
6000 sqft

Land

Lot Features
Frontage
75 ft ,11 in
Land Depth
127 ft
Other Property Information
Zoning Description
R9-2*H12
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