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Investment signal

$874,900

389 DUFFERIN AVENUE

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for London East (East F). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 389 Dufferin Avenue, a fully renovated four unit residential building located in the heart of Woodfield and only minutes from downtown London. The property features six bedrooms and four bathrooms across four well maintained units. One unit is currently vacant and ready for a new tenant at full market rent, or an owner occupied unit. Additional features include a rear storage room and separately metered electrical for all units. The property is zoned R3 1 and OC4, offering versatility and long term flexibility. The building offers strong financial performance with a projected annual income of $70,200 and a net operating income of $53,879. One unit remains below market rent, creating an opportunity to further improve revenue. A well located, turnkey asset in one of London's most desirable neighbourhoods. (id:65958)

Subtype: Multi-family
Structure: Fourplex
Community: East F
Lot dimensions: 33 x 100 FT
Bedrooms: 6 above grade
Parking: 3 total
Stories: 2
On market: Dec 17, 2025
Status changed: Apr 26, 2026
Annual tax: $6,152 (2025)
Zoning: R3-1 OC4
Photos: 14
MLS#: X12638762
Area: LONDON_EAST_(EAST_F)

Features and systems

Parking

No Garage

Basement

UnfinishedN/A

Heating

Forced airNatural gas

Cooling

None

Exterior

Brick

Foundation

Block

Negative cash flow ~$965/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.62%

Cap rate

3.54%

GRM

16.7

Break-even rent

$5,391

Financing

Down payment$174,980

Loan amount$699,920

Mortgage$3,546/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$401

Insurance$80

Maintenance$729

CapEx reserve$365

Vacancy loss$219

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.

Mortgage estimate

Estimated $3,546/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 26, 2026.