Property description for 320-324 Thompson Road, London South (South I), ON N5Z 2Z2

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:38686)

QUICK OVERVIEW

$616 / Sq Ft
None
Hot water radiator heat, Natural gas
14 Days on website
2.08 acres lot

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

UTILITIES

AREA AND SCHOOLS

FINANCIAL INFO

ADDITIONAL INFO

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Stewart Blair

Listing Office Royal Lepage Triland Realty, 519-672-9880

Updated Tuesday, July 21, 2026 at 3:35:06 PM

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NEIGHBOURHOOD

About the Glen Cairn Neighbourhood

La tranquillité est un élément important du caractère de Glen Cairn. Le quartier plaira à ceux qui préfèrent les environnements silencieux, étant donné qu'il y a peu de bruit lié à la circulation des voitures. Finalement, il est extrêmement simple d'accéder à un îlot de fraîcheur, comme Glen Cairn Park (East) et St. Julien Park, puisque les résidents peuvent compter sur la présence d'une cinquantaine d'entre eux.

Learn more about Glen Cairn

Elementary Schools

Au moins une école primaire à moins de 5 minutes à pied

Daycares

Au moins une garderie à quelques pas à pied

High Schools

Au moins une école secondaire à moins de 10 minutes à pied

Car friendly

Accès excellent à des voies rapides et/ou des artères majeures, avec un très faible risque de problèmes de stationnement

Quiet

Très peu de sources de bruit à proximité

CLIMATE RISK FOR N5Z 2Z2

FINANCING

10 Tips for Getting the Best Mortgage Rate in Canada

Mortgage Payments for 320-324 Thompson Road, London South (South I), ON N5Z 2Z2

$28,373

Monthly

Estimated Payment

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320-324 THOMPSON ROAD, LONDON SOUTH (SOUTH I), ON N5Z 2Z2