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367 Princess Av 4 Unit Apartment Building $1,260,000 CAD ($315,000 CAD/Unit) London, ON N6B 2A7
Investment Highlights
- Rare for downtown, the property features on-site parking at the rear, a massive "value-add" for urban tenants.
- Units are independently metered for hydro, keeping landlord overhead low.
- The property has individual entrances, providing a sense of privacy and "home" rather than an apartment feel.
- Boasting a high walk score, it is ideally located for professionals working at LHSC, Western University, or the downtown core.
Executive Summary
Located in the heart of the historic Woodfield District, 367 Princess Avenue offers a rare opportunity to own a high-performing investment property in one of London's most coveted heritage neighborhoods. This classic brick four-plex seamlessly blends the architectural charm of Old London with the steady cash flow potential of a multi-unit residential asset. All four units feature spacious 2-bedroom layouts, appealing to a broad tenant base and supporting strong, consistent rental demand. Situated on a quiet, tree-lined stretch of Princess Avenue, this property is just steps from the gates of Victoria Park, downtown offices, and the vibrant Richmond Row shopping and restaurant district. The building maintains its stately presence with traditional yellow-brick masonry and large, bright windows characteristic of the area's historic "Victorian-lite" architecture.
Property Facts
| Price | $1,260,000 CAD | Building Size | 4,000 SF |
| Price Per Unit | $315,000 CAD | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 4 | Year Built | 1886 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 - Residential with multifamily allowed | ||
| Price | $1,260,000 CAD |
| Price Per Unit | $315,000 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1886 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3 - Residential with multifamily allowed |
Amenities
- Smoke Detector
Unit Amenities
- Washer/Dryer
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
70/100
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367 Princess Av
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