ON > London East > East F
London East, ON N6B 2T5,500-502 Colborne ST
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London East, ON N6B 2T5,500-502 Colborne ST
London East, ON N6B 2T5,500-502 Colborne ST
London East, ON N6B 2T5,500-502 Colborne ST
London East, ON N6B 2T5,500-502 Colborne ST
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Mahesh Khatri

Mahesh Khatri

+1(416) 464-6568
$ 1,349,000
Est. payment /mo
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500-502 Colborne ST London East, ON N6B 2T5

11 Beds

5 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision East F

MLS Listing ID X12339936

Style 3-Storey

Bedrooms 11

Building Age 100+

Annual Tax Amount $13,410

Tax Year 2025

Property Sub-Type Multiplex

Property Description

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 neighbour hood - ideal for investors looking to maximize rental income in one of Londons most sought aftermarkets. 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.

Location

Province ON

County Middlesex

Community East F

Area Middlesex

Zoning R3-2

Rooms

Family Room No

Basement Walk-Out, Partially Finished

Kitchen 5

Separate Den/Office 2

Interior

Interior Features Separate Heating Controls, Separate Hydro Meter, Storage Area Lockers, Storage, Water Heater Owned

Cooling None

Inclusions 5 Refrigerators, 5 stoves, 3 Dishwashers, 2 Washers, 2 Dryers, 3 Hot water heaters

Exterior

Exterior Feature Landscaped, Porch, Porch Enclosed

Parking Features Available

Pool None

Roof Type Asphalt Shingle

Lot Frontage 45.0

Lot Depth 105.0

Total Parking Spaces 6

Building

Foundation Block

Others

Senior Community No

Security Features Carbon Monoxide Detectors,Smoke Detector

Listed by PRIME REAL ESTATE BROKERAGE
agent

Mahesh Khatri

Broker Associate

+1(416) 464-6568

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