For sale

I don't have enough recent comparable sales to call this one's price, but new this week. Here's everything I've got on it — ask me anything.

London East · East F

351 Princess Avenue

Multiplex

MLS® #X14140328

Listed for$1,800,0002 days on market

10 bed 10 bath 12 parking 3500-5000 sq ft~$424/sq ft

New this week
Transit stop ~71.8 km

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Est. all-in monthly~$10,093/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.

On the map

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This home below comps above in lineOpen full map →

0 schools within ~1 km · nearest transit stop ~71.78 km

Property information

What house buyers ask first

Lot size: 33 × 198 ft
Square footage: 3500-5000 sq ft
Property tax: $20,615 / yr
Parking: 12 spaces · Detached
Basement: Full

Property summary

Property type: Multiplex
Style: 2-Storey
Lot size: 33 × 198 ft
Parking: 12 spaces · Detached
Heating: Water
Air conditioning: Other
Basement: Full
Kitchens: 10
Exterior: Brick
Property tax: $20,615 / yr
MLS®: X14140328

As stated by the MLS®, nothing inferred.

Nearby homes for sale

Below-comps first · all nearby homes shown, not just the good-value ones.

Detached

$499,900

Below recent sales

581 Central Avenue

2 bed · 2 bath·1100-1500 sq ft·5 parking

London

Listed 7 days ago · Keller Williams Lifestyles

Condo Apartment

$459,900

In line with recent sales

250 Pall Mall Street, Unit 605

2 bed · 2 bath·1400-1599 sq ft·2 parking·$954/mo fee

London

Listed 6 days ago · Sutton Group Preferred Realty Inc.

Condo Apartment

$295,900

Above recent sales

272 DUNDAS Street, Unit 203

1 bed · 1 bath·700-799 sq ft·$415/mo fee

London

Listed 5 days ago · Sutton Group - Select Realty Inc.

Condo Apartment

$699,900

250 Pall Mall Street, Unit 1203

2+1 bed · 2 bath·1800-1999 sq ft·3 parking·$1,132/mo fee

London

Listed 9 days ago · Nu-Vista Pinnacle Realty Brokerage Inc

The numbers that matter

Property tax: $20,615/yr
Est. all-in: ~$10,093/mo

Nearby rental listings are facts. Whether it works as a rental is a chat with Alex — not a number I’ll put on it.

Schools

We list nearby schools as factual locations only. For this home, check the authoritative tools directly:

Browse schools near this home Nearby elementary & secondary schools, mapped Check provincial results — EQAO Official Ontario assessment results, searchable by school

Getting around

Public transit near this home, by straight-line distance. Factual locations from OpenStreetMap — not walking time, and not a rating.

Kitchener GurdwaraNearest transit · Bus stop~71.8 km

Locations: OpenStreetMap public-transit stops, © OpenStreetMap contributors · Open Database Licence (ODbL). Stop locations from OpenStreetMap — confirm current routes and service with the transit agency.

Community — London East

$495KMedian sold

38Median days on market

97.3%Sale-to-list

Median sold price · London East1-yr -9% · 3-yr —

Source: TRREB sold data via Repliers · all property types

Description & details

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 data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.

Listed by THRIVE REALTY GROUP INC.. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.