42.9896° N · 81.2436° W — East F, London East — MLS® #X14140328
351 Princess Ave
$1,800,000
East F, London East, Ontario N6B 2A7
- 10
- BedroomsBeds
- 10
- BathroomsBaths
- 3500-5000 sqft3500-5000
- SizeSq ft
- 33 x 198 ft
- Lot sizeLot
Inquire about this listing
In short · from the listing record
351 Princess Ave is a 10-bedroom, 10-bathroom multiplex in East F, London East, listed for sale at an asking price of $1,800,000 (MLS® X14140328).
Investment Opportunity in the heart of desirable Woodfield! Welcome to 315 Princess Ave, this 10-unit income property offers an excellent opportunity for investors looking to add a solid, established asset to their portfolio. The property features ten 1-bedroom rental units and a 10-car garage, providing both reliable rental income and valuable parking. Generating approximately $157,431 in total revenue and offering a 6.2% cap rate, this property combines strong current performance with long-term investment potential in one of London's most sought-after central neighbourhoods. Several important upgrades have already been completed, including a new hot water boiler in 2019, two owned hot water tanks installed approximately in 2022, 60-amp breaker panels in all units, and a flat roof approximately 6 years old. Coin operated Washer & Dryer on site. With 9 units currently occupied, recent capital improvements, ample garage parking, and a prime Woodfield location close to the amenities, restaurants, shops, and conveniences of central London, 315 Princess Ave is an excellent opportunity to acquire a turnkey multi-residential investment with proven income.
Listing readings
How it measures up
Scores from the listing record and the market around it.
73Good
Condition score
1 documented update signal
Listing age, structured features and disclosed update language; not an inspection.
Condition uses listing-record signals, not an inspection.
The data table
Every fact
Everything the board publishes for this home.
- Tax
- $20,615 / 2025
- MLS® number
- X14140328
- Board
- TRREB MLS®
- Property Type
- Multiplex
- Time on market
- Size
- 3500-5000 sqft
- Lot Size
- 33 x 198 ft
- Listed on
- Parking
- 10 Detached, 12 Parking
Listing history
Listing activity for 351 Princess Ave, London East, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,800,000 | N/A | For Sale | X14140328 |
Inside
Room by room
Property
- Property Type
- Multiplex
- Style
- 2-Storey
- Community
- East F
- Municipality
- London East
Building
- Size
- 3500-5000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 10
- Bathrooms
- 10
- Bathroom Details
- 10 × 4pc
- Basement Type
- Full
- Kitchens
- 10
Parking
- Garage Type
- Detached
- Garage
- 10
- Additional Parking
- 2
- Total Parking
- 12
Utilities
- Water
- Municipal
- Cooling
- Other
- Heating Type
- Water
Land
- Sewer
- Sewers
- Frontage
- 33 ft
- Depth
- 198 ft
- Lot Size
- 33 x 198 ft
Where it sits
The street and the area
Asking prices on the map.
Map and tour
Site report
What the record says
What the City and the conservation authority have on file for this address.
- provincial plansNone in rangeOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- wetlandNone in rangeNo mapped wetland within 120 m
- aggregateNone in rangeNo licensed pit or quarry within 2 km
- wellsNone in rangeNo recorded oil, gas or salt well within 250 m
- railOn recordNearest rail line: 500 m
- airportOn recordNearest airport: 7.8 km
- water wellsNone in rangeNo water-supply well recorded within 250 m 3 test or monitoring holes also recorded.
- groundwaterOn recordGroundwater recorded about 7.6 m below ground nearby The middle water level in the well records within 500 m (37 records). It changes with the season and from spot to spot.
- npriOn record1 facility within 1 km reports pollutant releases to Environment Canada The nearest is London District Energy, 860 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.
- fcsiNone in rangeNo federal contaminated site within 1 km The federal inventory covers federal land only; it says nothing about provincial or private sites.
- electricityOn recordElectricity is distributed here by London Hydro Inc.
- internet speedOn recordWired internet 50/10 Mbps or faster is listed at a household 60 m away Fixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (60 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- broadbandOn recordAcross the surrounding area: fibre to the home, cable, DSL internet listed Fibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Each record is the map at the home’s location, not an inspection. Confirm anything that matters with the municipality, Upper Thames River Conservation Authority or the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
Lot
- Lot area
- 6,534 sq ft607 m²
- Street frontage
- 33 ft10.1 m
- Depth
- 198 ft60.4 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land transfer tax on this home
- Ontario land transfer tax
- $32,475
- Total land transfer tax
- $32,475
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $28,475
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,800,000
- $28,000
- Ontario total
- $32,475
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Schools
Nearest schools
Straight-line distances. Check catchments with the board.
ElementaryEQAO average 2024–25
- Woodfield French Immersion Public SchoolThames Valley DSBPublic · grades JK–8 · French Immersion77%Grade 6 average400 m
- St Georges Public SchoolThames Valley DSBPublic · grades JK–886%Grade 6 average1 km
- St. John French Immersion SchoolLondon District Catholic School BoardCatholic · grades JK–8 · French Immersion83%Grade 6 average1.5 km
- Académie de la TamiseConseil scolaire ViamondeFrench-language public · grades JK–692%Grade 6 average3.4 km
SecondaryGrade 9 math 2024–25
- London Central Secondary SchoolThames Valley DSBPublic · grades 9–12 · French Immersion81%Grade 9 math150 m
- Catholic Central High SchoolLondon District Catholic School BoardCatholic · grades 9–1257%Grade 9 math400 m
- H B Beal Secondary SchoolThames Valley DSBPublic · grades 9–1256%Grade 9 math750 m
- École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique ProvidenceFrench-language Catholic · grades 9–1257%Grade 9 math3 km
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Searches this home is in
Keep looking
The ledger
What it costs to own
Worked out for this home. Change any number.
A month, all in
$9,930
- Mortgage$8,212
- Property tax$1,718
A planning figure, not a quote.
Land transfer tax
$32,475
$28,475 for first-time buyers.
Community
Who lives around it
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Shemeer AhmadVALERY REAL ESTATE INC.
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