320-324 Thompson Road London South, Ontario N5Z 2Z2
10,140 sqft
None
Hot Water Radiator Heat
Acreage
$6,250,000
Fantastic investment opportunity in London ON! This site contains 3 purpose built 12 plex's, each with 10 two bedroom units and two one bedroom units (one building has had two of the 2 bedroom units converted into one large unit by the former owner, would be easy to convert back into two units). It sits on over two acres, and that includes a vacant lot that is zoned R8-2 and is just over 0.6 acres (66 feet by 420 feet) that would be perfect to add some additional units to the property. Current rent roll is over $500,000 a year with loads of upside potential to increase to current market rent, currently 13 of the two bedroom units are under market rent. Each unit is separately metered for hydro, each building has its own laundry room, and many updates have been done over the years including new boilers (2023), many new windows (as needed), and most of the units have also been updated (as they become vacant they are renovated). This is a tremendous addition to any investor's portfolio so act today! (id:15069)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X13534198 |
| Property Type | Multi-family |
| Community Name | South I |
| Amenities Near By | Public Transit |
| Features | Irregular Lot Size |
Building
| Appliances | All |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Exterior | 10140 Sqft |
| Size Interior | 10,140 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 790 Ft |
| Size Frontage | 174 Ft |
| Size Irregular | 2.08 |
| Size Total | 2.08 Ac |
| Size Total Text | 2.08 Ac |
| Zoning Description | R8-2 |
https://www.realtor.ca/real-estate/30001180/320-324-thompson-road-london-south-south-i-south-i
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July 07 2026 07:51:16
London and St. Thomas Association of REALTORS®
Royal LePage Triland Realty