153 Godfrey Drive
London East, ON
- 5,000 sqft
- Investment
- 303 days on market
Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 8 one-bedroom units and 1 bachelor unit. Fully rented with reliable tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $134,166.96 and an NOI of $91,403.93. Ideal for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, new roof, new parking lot, coin-op laundry, ample parking, and exterior paint/siding updated in 2022.
Listing Details
- Taxes (2025)
- $15,105
- Listed
- October 31, 2025
Price History
Property
- Lot Size
- 83.21 x 124.98 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Highbury Ave N and Huron St
- Zoning
- R9-2*H-12
- Possession
- Immediate
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
Included
- Inclusions
- All Landlord owned Appliances
- Exclusions
- All Tenant Belongings
Community
Postal area N5V
- Population
- 32,961
- Private dwellings
- 13,236
- Median age
- 36.4
- Average household size
- 2.6
- Median household income
- $74,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in London East · last 12 months
- Median sold price
- $462,500
- Homes sold
- 1,302
- Median days on market
- 24
- Sale-to-list price
- 97.0%
Based on 1,302 recorded sales of commercial properties in London East over the last 12 months.
Listed by
THRIVE REALTY GROUP INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 5,000 sq ft
- Price per sq ft
- $305.00
- Annual property tax
- $15,105
- Tax per sq ft
- $3.02
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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