320-324 Thompson Road, London South, ON N5Z 2Z2, London South, ON
10140.0 sqft
Fantastic investment opportunity in London ON! This site contains 3 purpose built 12 plex's, each with 10 two bedroom units and two one bedroom units (one building has had two of the 2 bedroom units converted into one large unit by the former owner, would be easy to convert back into two units). It sits on over two acres, and that includes a vacant lot that is zoned R8-2 and is just over 0.6 acres (66 feet by 420 feet) that would be perfect to add some additional units to the property. Current rent roll is over $500,000 a year with loads of upside potential to increase to current market rent, currently 13 of the two bedroom units are under market rent. Each unit is separately metered for hydro, each building has its own laundry room, and many updates have been done over the years including new boilers (2023), many new windows (as needed), and most of the units have also been updated (as they become vacant they are renovated). This is a tremendous addition to any investor's portfolio so act today!
Property Highlights
For Sale
MLS NO.
X13534198
Type
Commercial
Sub Type
Investment
Square Footage
10140.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X13534198
Lot Width
174.06
Lot Size
2.08
Lot Size Units
Acres
Garage Type
None
Cooling
No
Heat Type
Gas Hot Water
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
320-324 Thompson Road, London South, ON N5Z 2Z2
City
London South
Neighbourhood
South I
County / Region
Middlesex
Province / State
ON
Postal Code
N5Z 2Z2
Cross Street
Adelaide Street South
Directions
Thompson Road and just east of Adelaide St
Country
CA
List Price
$6,250,000
Annual Taxes
$75,495
Tax Year
2026
Legal Description
LT 2 PLAN 812 & PT LTS 21 & 22 BF CON B, PTS 1 TO 10 33R8292 SUBJECT TO 76959 LONDON/WESTMINSTER
Possession Type
Other
Listing Office
ROYAL LEPAGE TRILAND REALTY
Board
London and St. Thomas Association of REALTORS
Original Entry
2026-07-07T18:48:37Z
Media Updated
2026-07-07T20:10:14Z
Photos Updated
2026-07-07T19:29:00Z
Last Modified
2026-07-07T20:10:13Z
System Modified
2026-07-07T20:10:14.013515Z
MLS Status
New
Co List Office Name
ROYAL LEPAGE TRILAND REALTY
Ddfyn
Yes
Expiration Date
2026-09-30
Heat Type Multi
Gas Hot Water
Hstapplication
Not Subject to HST
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
083540065
Public Remarks
Fantastic investment opportunity in London ON! This site contains 3 purpose built 12 plex's, each with 10 two bedroom units and two one bedroom units (one building has had two of the 2 bedroom units converted into one large unit by the former owner, would be easy to convert back into two units). It sits on over two acres, and that includes a vacant lot that is zoned R8-2 and is just over 0.6 acres (66 feet by 420 feet) that would be perfect to add some additional units to the property. Current rent roll is over $500,000 a year with loads of upside potential to increase to current market rent, currently 13 of the two bedroom units are under market rent. Each unit is separately metered for hydro, each building has its own laundry room, and many updates have been done over the years including new boilers (2023), many new windows (as needed), and most of the units have also been updated (as they become vacant they are renovated). This is a tremendous addition to any investor's portfolio so act today!
