500-502 Colborne Street London East, Ontario N6B 2T5
$1,349,000
Introducing an exceptional investment opportunity in the heart of the city! 500/502 Colborne Street is a five-unit multi-family property located in the highly desirable Woodfield neighbourhood - ideal for investors looking to maximize rental income in one of London's most sought after markets. This turnkey property offers strong cash flow potential with prime rents and consistent tenant demand. The exterior is well-maintained and recently updated, providing excellent curb appeal and parking for up to six vehicles. Inside, the building features five spacious, well designed units with open-concept layouts that will appeal to todays renters, with one of the main units recently undergoing extensive updating. One of the units include in-suite laundry, while the remaining tenants have access to an on site shared laundry area. With aCity of London rental license already in place, this property offers peace of mind for investors of types. Tenants will appreciate the unbeatable location, with shopping, dining, entertainment, and transit just steps away - making 500/502 Colborne a solid, income-producing asset in a high-demand area. (id:61716)
Property Details
| MLS® Number | X12339936 |
| Property Type | Multi-family |
| Neigbourhood | Woodfield |
| Community Name | East F |
| AmenitiesNearBy | Public Transit |
| Features | Flat Site |
| ParkingSpaceTotal | 6 |
| Structure | Porch |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 9 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 11 |
| Age | 100+ Years |
| Amenities | Separate Heating Controls, Separate Electricity Meters |
| Appliances | Water Heater, Dishwasher, Dryer, Stove, Two Washers, Refrigerator |
| BasementDevelopment | Partially Finished |
| BasementFeatures | Walk Out |
| BasementType | N/a, N/a (partially Finished) |
| CoolingType | None |
| ExteriorFinish | Brick |
| FireProtection | Smoke Detectors |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 5000 - 100000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| FenceType | Partially Fenced |
| LandAmenities | Public Transit |
| LandscapeFeatures | Landscaped |
| Sewer | Sanitary Sewer |
| SizeDepth | 105 Ft |
| SizeFrontage | 45 Ft |
| SizeIrregular | 45 X 105 Ft |
| SizeTotalText | 45 X 105 Ft |
| ZoningDescription | R3-2 |
https://www.realtor.ca/real-estate/28723062/500-502-colborne-street-london-east-east-f-east-f
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October 23 2025 12:27:03
London and St. Thomas Association of REALTORS®
Prime Real Estate Brokerage
