153 Godfrey Dr

London East, ON N5V 2E8

$1,525,000

Type

Investment

Description

Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 8 one-bedroom units and 1 bachelor unit. Fully rented with reliable 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 $133,755 and an NOI of $95,570. Ideal for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, new roof, new parking lot, coin-op laundry, ample parking, and exterior paint/siding updated in 2022.

Property Details

Listed Date10/31/2025

Days on Market55 days

Lot Size10,398 sq ft

Property TypeInvestment

Get Exclusive Property Insights

Access information not available to the public – no agent pressure, just the facts you need.

Listed by

THRIVE REALTY GROUP INC.

MLS® #X12494880

MLS® Data Disclaimer: The listing data provided is courtesy of the Toronto Regional Real Estate Board (TRREB) and its members. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by TRREB. MLS® and the associated logos are trademarks of The Canadian Real Estate Association (CREA) and identify the quality of services provided by members of CREA.