<-- style PDP --> 312 Piccadilly Street, London East - Fourplex for sale for $875,000
  • sold

312 Piccadilly Street

London East, Ontario, N6A 1S6 - East F

$875,000$000000

  • Neighbourhood

    East F

  • Major Intersection

    Waterloo & Wellington

  • Listed Since: 223 day(s)

  • Last update: 168 day(s) ago

Overview

  • Property Type

    Fourplex, 3-Storey

  • Bedrooms

    5

  • Bathrooms

    4

  • Basement

    Apartment

  • Kitchen

    4

  • Total Parking

    4

  • Lot Size

    30.89x138.04 (Feet)

  • Taxes

    $7,394.69 (2024)

  • Type

    Freehold

Property Description

Property description for 312 Piccadilly Street, London East

First time offered in 42 Years! 312 Piccadilly sits on a quiet North London Street. The present owner has resided in the solid income property for 42 years and allowed him to derive a superior cash flow from the large apartments. 312 Piccadilly offers 4 units: Three 2 Bedroom Units and one 1 bedroom unit. Unit 3 Upper unit, where the owner resides, has an impressive Loft that was custom built. It overlooks the large living area with Projected income of $2650 monthly or $31,800 Yearly. Unit 2 Lower has a nice porch to sit on and enjoy the street scape, two bedrooms, hardwood floor, large principal rooms- ideal for an owner occupied unit. Presently rented Month to Month at $820.00. Projected income for this unit would be $2300.00 monthly or $27,600 Yearly. Unit 3, 1 bedroom is Vacant with projected income $1600.00 monthly or $19,200 Yearly. Unit 4 is Vacant with projected income $2000.00 monthly or $24,000 Yearly. Total projected income $102,000. This projection is based on upgrading the units as they come vacant. The area that this building sits in is close to University of Western Ontario, Saint Joesphs Hospital, with easy access to Fanshawe College, a short walk to Richmond Row with the famous Ceeps & Joe Kools, a grocery store, and lots of bike paths and parks. This is a perfect location. Parents, why buy a house your children can live in when you can buy an apartment building that will create a lasting income? Perfect to keep for them as the years pass on after they graduate, this building will appreciate- a true good long term investment. Owner will consider holding a First Mortgage with an appropriate down payment. Please note Apt tenant pays Heat. Apt Tenant pays Hydro. Apt 3 Owner occupied pays electric heat. Apt Tenant pays Hydro. Owner pays water for the building. Hours notice, See Floor Plans.

Listed by NU-VISTA PREMIERE REALTY INC.

  • MLS #

    X12422309

  • Sq. Ft

    1500-2000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    Y

  • Year Built

    Available Upon Request

  • Pool

    None

  • Drive

    Available

  • Garage

    None

  • Total Parking

    4

  • Family Room

    N

  • Den

    N

  • Exterior

    Vinyl Siding

  • Fireplace

    N

  • Roof

    Shingles

  • Foundation

    Block, Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Forced Air

  • A/C

    None

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • Living

    4.72 x 3.51 ft Main level

  • Foyer

    2.1 x 1.93 ft Main level

  • Kitchen

    4.72 x 3.47 ft Main level

  • Br

    3.08 x 2.6 ft Main level

  • 2nd Br

    2.68 x 3.68 ft Main level

  • MLS #

    X12422309

  • Sq. Ft

    1500-2000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    Y

  • Year Built

    Available Upon Request

  • Pool

    None

  • Drive

    Available

  • Garage

    None

  • Total Parking

    4

  • Family Room

    N

  • Den

    N

  • Exterior

    Vinyl Siding

  • Fireplace

    N

  • Roof

    Shingles

  • Foundation

    Block, Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Forced Air

  • A/C

    None

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • Living

    4.72 x 3.51 ft Main level

  • Foyer

    2.1 x 1.93 ft Main level

  • Kitchen

    4.72 x 3.47 ft Main level

  • Br

    3.08 x 2.6 ft Main level

  • 2nd Br

    2.68 x 3.68 ft Main level

Thinking of Selling?

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Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

Property History

Property history for 312 Piccadilly Street, London East

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Estimated price

Date
Price
Change
2025-09-23
$825,231
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Closing Cost Calculator

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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