46 Stanley Street, London South (South F) ON

About 46 Stanley Street

Positioned on the edge of downtown, this is a prime opportunity to acquire a solid income-producing asset. With strong rental demand and proximity to the core, this is the type of property that supports both stable occupancy and long-term growth. The building consists of four 1-bedroom units, three of which have been recently renovated - allowing you to step into improved rents and reduced capital expenditure from day one. Two units are currently vacant, offering immediate flexibility: place your own tenants at market rents or take the opportunity to further upgrade and push value. Current gross monthly income sits at approximately $5,052, with a clear path to ~$5,680 based on market rents already being targeted. At that level, the property is projected to operate around a 7.0% cap rate, with upside closer to the 8.2% range as rents are stabilized and value is added. Operating expenses are well-defined at roughly $1,923/month, resulting in a current NOI of ~$3,128/month and a projected NOI of ~$3,750+/month once rents are optimized. Depending on financing, this deal shows estimated monthly cash flow in the range of ~$500-$750 with current/projected rents, depending on execution. A major differentiator here is the ample on-site parking-something that s increasingly difficult to find this close to downtown and a key factor in tenant retention. Whether you re looking for a performing asset with immediate income or a property where you can still create value through leasing and light improvements, 46 Stanley offers a clean, straightforward path to both. (id:56071). Get more information on 46 Stanley Street

Property Features

Appliances:  Dryer, Stove, Washer, Refrigerator
Rental Equipment:  Water Heater
Directions:  Stanley / Wharncliffe Rd. S.
Interior Size:  2000 - 2500 sqft
Lot:  33 x 185 FT 33 x 185 FT
Exterior Finish:  Vinyl siding, Brick
Water:  Municipal water,
Heating / Cooling:   Natural gas / None
Age: 
Foundation: Brick
Basement:  N/A (Unfinished) Unfinished

Rooms & Sizes