$1,300,000
13.96 BTC
Photos
Map
500-502 Colborne Street, London
$1,300,000
PRICE
9 + 2
BEDROOMS
5
BATHROOMS
X13773394
MLSID

500-502 Colborne Street, London

Five licensed units, $110,712 in gross annual income, and a City of London rental license already in hand - 500/502 Colborne is the rare Woodfield multiplex already doing the work for you. This five-unit brick building sits on a 45' x 105' lot minutes from downtown, transit at the door. Scheduled rents total $9,226/month across a 3 bed/2 bath, two 2 bed + dens, a 2 bed, and a 1 bed. Every unit is separately metered - tenants pay hydro, and both 502 units pay their own gas heat. Landlord costs run roughly $27,962 (taxes $13,678.72 verified with the City, insurance $7,983, water/sewer $4,200, gas $1,350, common electricity $750), leaving approximately $82,750 NOI - a cap rate near 6.4% at $1,300,000. The license matters as much as the income: a buyer inherits a legal, rentable five-plex on closing day, not a compliance project. Unit 2 at 502 is currently offered at $1,700, letting a new owner pick their own tenant; the other four are tenanted and producing. Built 1905, over 5,500 sq ft, 9+2 bedrooms, five baths, five kitchens, one unit recently updated. In-suite and shared laundry, storage lockers, owned water heaters, walk-out lower level, parking for six. R3-2. Flexible possession.
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Summary

Address
500-502 Colborne Street
City
Community
MLSID
X13773394
Property Type
Multiplex
Property Category
Bedrooms
9 + 2
Bathrooms
5
Kitchens
5
Zoning
R3-2
Taxes (Annual)
$13,410.00
Tax Year
2025
Published
September 11, 2026
Days on Market
0 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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399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London399 Wortley Road, London
$1,499,900
16.10 BTC
399 Wortley Road, London
5
BEDS
3
BATHS
$1,499,900
PRICE
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3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London
$1,099,000
11.80 BTC
3386 Settlement Trail, London
5 + 1
BEDS
4
BATHS
$1,099,000
PRICE
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584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London584 Chelton Road, London
$1,099,000
11.80 BTC
584 Chelton Road, London
5 + 2
BEDS
5
BATHS
$1,099,000
PRICE
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128 Empress Avenue, London128 Empress Avenue, London128 Empress Avenue, London128 Empress Avenue, London128 Empress Avenue, London128 Empress Avenue, London128 Empress Avenue, London
$1,099,000
11.80 BTC
128 Empress Avenue, London
5
BEDS
6
BATHS
$1,099,000
PRICE
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2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London2424 Bakervilla Street, London
$1,099,000
11.80 BTC
2424 Bakervilla Street, London
5
BEDS
4
BATHS
$1,099,000
PRICE
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55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London55 Farmhouse Road, London
$1,089,900
11.70 BTC
55 Farmhouse Road, London
5 + 1
BEDS
5
BATHS
$1,089,900
PRICE
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120 Empress Ave Avenue, London
$1,074,900
11.54 BTC
120 Empress Ave Avenue, London
5
BEDS
7
BATHS
$1,074,900
PRICE
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59 Charles Street, London
$1,074,900
11.54 BTC
59 Charles Street, London
5
BEDS
7
BATHS
$1,074,900
PRICE
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28 Kensington Avenue, London28 Kensington Avenue, London28 Kensington Avenue, London28 Kensington Avenue, London28 Kensington Avenue, London
$1,074,900
11.54 BTC
28 Kensington Avenue, London
5
BEDS
7
BATHS
$1,074,900
PRICE
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26 Kensington Avenue, London26 Kensington Avenue, London26 Kensington Avenue, London26 Kensington Avenue, London26 Kensington Avenue, London
$1,074,900
11.54 BTC
26 Kensington Avenue, London
5
BEDS
7
BATHS
$1,074,900
PRICE
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3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London3509 Isleworth Road, London
$1,549,900
16.64 BTC
3509 Isleworth Road, London
5 + 1
BEDS
6
BATHS
$1,549,900
PRICE
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1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London1833 Standfield Road, London
$1,589,900
17.07 BTC
1833 Standfield Road, London
5
BEDS
4
BATHS
$1,589,900
PRICE
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1988 River Road, London1988 River Road, London1988 River Road, London1988 River Road, London1988 River Road, London1988 River Road, London1988 River Road, London1988 River Road, London1988 River Road, London1988 River Road, London1988 River Road, London1988 River Road, London1988 River Road, London1988 River Road, London1988 River Road, London1988 River Road, London1988 River Road, London1988 River Road, London
$999,999
10.73 BTC
1988 River Road, London
5
BEDS
4
BATHS
$999,999
PRICE
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57 Westchester Drive, London57 Westchester Drive, London57 Westchester Drive, London57 Westchester Drive, London57 Westchester Drive, London57 Westchester Drive, London57 Westchester Drive, London57 Westchester Drive, London57 Westchester Drive, London57 Westchester Drive, London57 Westchester Drive, London57 Westchester Drive, London57 Westchester Drive, London57 Westchester Drive, London57 Westchester Drive, London57 Westchester Drive, London57 Westchester Drive, London
$969,000
10.40 BTC
57 Westchester Drive, London
5
BEDS
4
BATHS
$969,000
PRICE
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1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London
$950,000
10.20 BTC
1051 Richmond Street, London
5 + 2
BEDS
4
BATHS
$950,000
PRICE
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