Investment Opportunity in the heart of desirable Woodfield! Welcome to 315 Princess Ave, this 10-unit income property offers an excellent opportunity for investors looking to add a solid, established asset to their portfolio. The property features ten 1-bedroom rental units and a 10-car garage, providing both reliable rental income and valuable parking. Generating approximately $157,431 in total revenue and offering a 6.2% cap rate, this property combines strong current performance with long-term investment potential in one of London's most sought-after central neighbourhoods. Several important upgrades have already been completed, including a new hot water boiler in 2019, two owned hot water tanks installed approximately in 2022, 60-amp breaker panels in all units, and a flat roof approximately 6 years old. Coin operated Washer & Dryer on site. With 9 units currently occupied, recent capital improvements, ample garage parking, and a prime Woodfield location close to the amenities, restaurants, shops, and conveniences of central London, 315 Princess Ave is an excellent opportunity to acquire a turnkey multi-residential investment with proven income.
10 bedrooms, 10 bathrooms, about 3,500 sq ft, works out to roughly $514 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 351 Princess Ave
Every detail from the listing, in one place.
Type
Multiplex
Style
2-Storey
Living space
3500-5000 sq ftas stated on the listing
Parking
12 spacesYes garage
Basement
Full
Features & systems
Parking & garage
Garage
Yes
Parking spaces
12
Interior
Basement
Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Multiplex
351 Princess Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14140328$1,800,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 351 Princess Ave Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$8,843
/mo
based on the purchase price of $1,800,000
$360,000 cash
$1,440,000 financed
$1,212,858 total interest
Principal54%$1,440,000
Interest46%$1,212,858
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in London
Other 22-bed homes for sale in London around $1.8M.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,354Homes for sale here right now.
Median vs prior 90 days−1.5%Compared with May 6 – Aug 4, 2026: prices down.
Based on 1,766 sales from Aug 4 – Nov 2, 2026 (1,497 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 351 Princess Ave
How much is 351 Princess Ave listed for?
351 Princess Ave is listed at $1,800,000 (MLS® X14140328). Summitly updates the price as soon as the MLS® record changes.
Is $1,800,000 a good price for 351 Princess Ave?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 351 Princess Ave changed?
No — 351 Princess Ave is still listed at its original asking price of $1,800,000.
How many bedrooms and bathrooms does 351 Princess Ave have?
351 Princess Ave has 10 bedrooms and 10 bathrooms, with about 3,500–5,000 square feet of living space. It is a multiplex in London.
How much would the monthly mortgage be on 351 Princess Ave?
About $8,843 a month — principal and interest on $1,800,000 with 20% down ($360,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 351 Princess Ave compare with other homes in London?
Its asking price of $1,800,000 is about 221% above the median sold price in London over the last 90 days, $561,250, across 1,766 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 351 Princess Ave been sold before?
Summitly has no earlier MLS® sale or lease of 351 Princess Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 351 Princess Ave?
351 Princess Ave is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 351 Princess Ave been on the market?
351 Princess Ave was listed today (November 2, 2026).
What is the price per square foot of 351 Princess Ave?
About $360 to $514 per square foot: the asking price of $1,800,000 over the 3,500–5,000 sq ft the listing gives as its size range.
Does 351 Princess Ave have parking or a garage?
Yes — the listing gives 12 parking spaces. Garage: Yes.
Does 351 Princess Ave have a basement, and is it finished?
