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$1.75M · 18 bed Multiplex · East H, London East | MyPropertyScout

$1,750,000

1576 Caledonia Street

392 DOM

1812392d

Map

DOM 392

↓ $750KMotivated Seller

$1,750,000

↓ $750KMotivated Seller

DOM392days

1576 Caledonia Street

London East · Ontario N5W 2W7

MLS® X12137351 · East H · N5W 2W7

1812TenantOccupied5000 + ft²MultiplexNoneSeparate Entrance392d$350/ft²Lot 0.413$23,204 tax/yrBuilt 195175 yrs oldSeparate Entrance

392 days on market

About this home

An excellent investment opportunity: purpose-built, all-brick 12-unit apartment building featuring 6 spacious two-bedroom units and 6 one-bedroom units. This well-maintained property is fully rented with long-term tenants, offering stable cash flow and minimal vacancy risk. Located on a quiet dead-end street, it provides tenants with a peaceful living environment while being just minutes from Fanshawe College and offering quick access to Highway 401ideal for students, commuters, and working prof…

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Property details

MLS#: X12137351
Status: Conditionally Sold
Property class: Residential Freehold
Beds: 18
Baths: 12 full, 0 half
Rooms: 42
Kitchens: 12
Size: 5000 +Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: Separate Entrance
Style: 3-Storey
Type: Multiplex
Year built: 1951

PIN: 081110019
Roll / ARN: 393604005001200
Plan: 383

Occupancy: Tenant Occupied
Washrooms: 4 pc
Family room: No
Central vacuum: No
Ensuite laundry: No

Roof: Flat
Foundation: Concrete
Other structures: None
Property features: Clear View, Public Transit, School

View: Clear

Garage: None
Garage spaces: 0
Parking: 16 total
Heating: Water
Heating fuel: Gas
Cooling: None
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Brick · Landscaped, Lighting
Fronting on: North
Cross street: Spruce Street
Stories: —
Utilities: —
Laundry: —
Interior: Intercom, Separate Heating Controls, Storage, Water Heater
Parking features: Private

Additional listing data

ListAOR: London and St. Thomas Association of REALTORS

Rooms

Room dimensions are not available for this listing.

Seller signals

Price movement & seller pressure

↓ $750KPrice reduction

MLS shows the seller reduced the asking price by $750,000 (from $2,500,000 to $1,750,000).

Motivated SellerWhy this label

392 days on market — Listing has been active for 392 days — extended time on market can signal seller pressure.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: THRIVE REALTY GROUP INC.

Source: TRREB/PROPTX · MLS® X12137351

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$1.75M

1576 Caledonia Street · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,750,000✓ $23,204 tax✓ Gas✓ 5000 + ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$13,817/mo

incl. closing costs (yr 1)

Annual total

$165,807

year 1

Mortgage only

$6,639/mo

principal + interest

Beyond mortgage

$4,097/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$350,000

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$1,934/mo

Utilities

Hydro / electricity$350/mo

≈ $0.07/ft² × ~5,000 ft² · ON avg ~$350/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$17,500/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$31,475

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)48% $79,668/yr

Property taxes33% $54,679/yr

Utilities4% $7,260/yr

Insurance & security1% $1,600/yr

Maintenance11% $17,500/yr

Closing costs3% $5,100/yr

Mortgage is 48% of your true cost of ownership. The other 52% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$79,668	$6,639/mo
Government & taxes
Property tax	$23,204	$1,934/mo
Land transfer tax(closing)	$31,475	$2,623/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$4,200	$350/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$17,500	$1,458/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$165,807	$13,817/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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1576 Caledonia Street

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

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Annual costs