351 Princess Avenue, London East, ON N6B 2A7
East F, London East · Near Waterloo St and Princess Ave · View map
About this home
Investment Opportunity in the heart of desirable Woodfield! Welcome to 315 Princess Ave, this 10-unit income property offers an excellent opportunity for investors looking to add a solid, established asset to their portfolio. The property features ten 1-bedroom rental units and a 10-car garage, providing both reliable rental income and valuable parking. Generating approximately $157,431 in total revenue and offering a 6.2% cap rate, this property combines strong current performance with long-term investment potential in one of London's most sought-after central neighbourhoods. Several important upgrades have already been completed, including a new hot water boiler in 2019, two owned hot water tanks installed approximately in 2022, 60-amp breaker panels in all units, and a flat roof approximately 6 years old. Coin operated Washer & Dryer on site. With 9 units currently occupied, recent capital improvements, ample garage parking, and a prime Woodfield location close to the amenities, restaurants, shops, and conveniences of central London, 315 Princess Ave is an excellent opportunity to acquire a turnkey multi-residential investment with proven income.
The home
- Type
- Multiplex
- Style
- 2-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 10
- Bathrooms
- 10
- Kitchens
- 10
- Rooms
- 40
- Basement
- Full
- Lot size
- 33 x 198 ft
- Faces
- South
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Water
- Fireplace
- No
Garage & parking
- Garage
- Detached
- Garage spaces
- 10
- Driveway spaces
- 2
- Total parking
- 12
Taxes & other
- Property taxes
- $20,615/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Waterloo St and Princess Ave
- Neighbourhood
- East F
More
- Price per sq ft
- ~$424 (at 4,250 sq ft)
- MLS® number
- X14140328
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The home and its surroundings
- Water Heater Owned
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
351 Princess Avenue, London East, ON N6B 2A7
East F, London East · Near Waterloo St and Princess Ave
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Listing history for 351 Princess Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 351 Princess Avenue
Answers come straight from this home’s MLS® listing.
How much is 351 Princess Avenue listed for, and what would it cost each month?
351 Princess Avenue is listed for $1,800,000. With 20% down ($360,000), the mortgage payment would be roughly $7,261 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $8,979 a month, all in. That figure is an illustration, not a quote.
Is 351 Princess Avenue freehold or a condo, and is there a monthly fee?
351 Princess Avenue is a multiplex in East F, London East. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 351 Princess Avenue have?
351 Princess Avenue has 10 bedrooms and 10 bathrooms. The listing gives the style as 2-storey.
Does 351 Princess Avenue have a garage and parking?
Yes. The listing shows the garage as detached, with room for 10 cars. The driveway adds 2 spaces. In total the listing counts 12 parking spaces.
Does 351 Princess Avenue have a finished basement?
The listing describes the basement as full.
What style of home is 351 Princess Avenue?
351 Princess Avenue is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 351 Princess Avenue, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 33 x 198 ft.
How is 351 Princess Avenue heated and cooled?
Heating is water (gas). The listing does not show air conditioning.
What are the property taxes for 351 Princess Avenue?
Property taxes are $20,615 a year (2025), or about $1,718 a month.
Where is 351 Princess Avenue?
351 Princess Avenue is in the East F community of London East. The nearest main intersection is Waterloo St and Princess Ave. The postal code is N6B 2A7.
Is 351 Princess Avenue still for sale?
Yes. It is an active listing (MLS® X14140328). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 351 Princess Avenue asking?
Similar properties for sale nearby right now include 307 Central Avenue at $1,699,999 (8 bed), 305 Central Avenue at $1,299,999 (7 bed) and 532-538 Dundas Street at $1,699,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 351 Princess Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 351 Princess Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near East F, picked by style, size and price.
Multiplex$1,699,999307 Central Avenue, London East8 bed · 4 bath · East FCourtesy of: SUTTON GROUP - SELECT REALTY INC.View home →
Multiplex$1,299,999305 Central Avenue, London East7 bed · 5 bath · East FCourtesy of: SUTTON GROUP - SELECT REALTY INC.View home →
Multiplex$1,699,000532-538 Dundas Street, London East0 bath · East FCourtesy of: THRIVE REALTY GROUP INC.View home →Courtesy of: THRIVE REALTY GROUP INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.