$1,050,000
1803 PARK AVENUE
Beds
10
Baths
5
Sqft
—
Year
—
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Wonderful long term investment opportunity in east London on Park Ave. Solid all brick, purpose built 6 unit building on a street where the vast majority of homes are single family. 4 - spacious 2 bedroom units above grade and 2 - 1 bedroom units in the lower level along with storage lockers for each tenant, full laundry room w/coin-op washer & dryer and dedicated mechanical room. All units are separately metered for hydro along with a common meter and hot water baseboard heating. Front and back stairwells for tenant convenience. Lots of parking behind the building along with a sizeable storage shed. Building has all newer vinyl windows, updated 98 gallon hot water tank 2024, hydro panels replaced in all units to breakers 2022, exterior concrete work approx. 2015, building sewer replaced in 2003. This is a very well cared for building w/ mature mostly longer term tenants. Lots of upside potential here as units turn over. Please contact listing agent for more info and showings. (id:65958)
- Subtype
- Multi-family
- Structure
- Other
- Community
- East H
- Lot dimensions
- 98 x 147 FT
- Bedrooms
- 10 above grade
- Parking
- 8 total
- Stories
- 2
- On market
- Oct 27, 2025
- Status changed
- Apr 13, 2026
- Annual tax
- $8,416 (2025)
- Zoning
- R8-1
- Photos
- 40
- MLS#
- X12483948
- Area
- LONDON_EAST_(EAST_H)
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Community
Cash on cash
-11.65%
Cap rate
3.56%
GRM
16.7
Break-even rent
$7,397
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for London East (East H). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.