$599,900
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46 Stanley Street, London South (south F), ON N6C1B1

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4 Beds
4 Baths
- Sq Ft

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 is approximately $5, 052, comprised of in-place rents and projected rents for the vacant units, with a clear path to ~$5, 680 based on market rents with value added. 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:58753)

Listing By: JUSTIN KONIKOW - PRIME REAL ESTATE BROKERAGE cncrea2 Realty.com
  • MLS® X12963106
  • Date Listed04/07/2026
  • Days on Realty 61 Days
  • Bedrooms 4
  • Bathrooms 4 baths
  • Lot Size -
  • Property Type Quadruplex
  • Water Public

Interior Features

  • Appliances Washer, Refrigerator, Stove, Dryer
  • Cooling None
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Stanley / Wharncliffe Rd. S.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N6C1B1

Discover key demographics, population statistics, and environmental insights for the London South (south F), ON area.

Walkability in ON / N6C1B1

Source: Walk Score

66/100

Somewhat Walkable

Walk Score ®

69/100

Good Transit

Transit Score ®

90/100

Biker's Paradise

Bike Score ®

Overview

Some errands can be accomplished on foot. Many nearby public transportation options. Daily errands can be accomplished on a bike.

Transit Summary

23 nearby routes: 19 bus, 4 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 51/100, Transit Score: 49/100, Bike Score: 60/100.

Points of Interest near 46 STANLEY STREET, London South (South F), ON N6C1B1

Frequently Asked Questions for 46 STANLEY STREET

Source: Realty.com

46 STANLEY STREET, London South (South F), ON N6C1B1 in London South (South F), ON N6C1B1 is a quadruplex listed at $599,900. Highlights include 4 bedrooms, 4 bathrooms. Realty.ca has 16 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 16 photos of 46 STANLEY STREET.

The full address for this home is 46 STANLEY STREET, London South (South F), ON N6C1B1.

46 STANLEY STREET has been listed on Realty.com since Tue April 07, 2026

Some errands can be accomplished on foot. Many nearby public transportation options. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 51/100, Transit Score: 49/100, Bike Score: 60/100.

Listing provided courtesy of: PRIME REAL ESTATE BROKERAGE
Listing agent: JUSTIN KONIKOW

This content last refreshed on 2026-06-07 09:39:37. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.