$1,349,000
8.44 BTC
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Map
500-502 Colborne Street, London
$1,349,000
PRICE
9 + 2
BEDROOMS
5
BATHROOMS
X12339936
MLSID

500-502 Colborne Street, London

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 neighbourhood - ideal for investors looking to maximize rental income in one of London's most sought after markets. 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.
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Summary

Address
500-502 Colborne Street
City
Community
MLSID
X12339936
Property Type
Multiplex
Property Category
Bedrooms
9 + 2
Bathrooms
5
Kitchens
5
Zoning
R3-2
Taxes (Annual)
$13,410.00
Tax Year
2025
Published
August 12, 2025
Days on Market
33 Days
Possession Type
60-89 Days
Possession Details
Flexible
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Inclusions

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

Exclusions

Tenants belongings

Details

Property Features
Public Transit
Security Features
Carbon Monoxide Detectors, Smoke Detector
Bathroom 1
4-Piece Main Level
Bathroom 2
4-Piece Third Level
Bathroom 3
4-Piece Second Level
Basement
Walk-Out, Partially Finished
Exterior Features
Landscaped, Porch, Porch Enclosed
Interior Features
Separate Heating Controls, Separate Hydro Meter, Storage Area Lockers, Storage, Water Heater Owned
Parking Spaces
6
Parking Total
6
Parking Features
Available
Architectural Style
3-Storey
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Width
45 Feet
Lot Depth
105 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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