ON > London East > East G
London East, ON N6B 3J5,552 Adelaide ST N
London East, ON N6B 3J5,552 Adelaide ST N
London East, ON N6B 3J5,552 Adelaide ST N
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Listing Booth

Listing Booth

+1(613) 707-9804
$645,500
Est. payment /mo
5 Beds
2 Baths
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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision East G

MLS Listing ID X12266365

Style 2-Storey

Bedrooms 5

Annual Tax Amount $2,674

Tax Year 2024

Property Sub-Type Duplex

Property Description

Great investment property close to downtown with short bus rides to both of Fanshawe College and Western University. Fully tenanted property with total rental income of $3800 per month (upper leased until Aug 2025 - $1650, and main is March 2025 - $2150) with tenants paying all utilities. Tenants are planning on staying. Fully funded this property has a capitalization rate between 5.5% and 6% meaning right from the start it is cash flow positive. Building was cleaned up and renovated in 2023 so very little can be expected in terms of maintenance fees for the next few years. Rents are slightly below market value meaning this building will perform more strongly and be an even better addition to your portfolio as time progresses. This yellow brick home sits on the edge of Woodfield and Old East Village. The main floor has 2 large bedrooms plus a basement with additional room. The upper has 1 bedroom plus den, both with in suite laundry. Property is being sold fully furnished excluding tenants belongings. Parking is at the rear of the building and access is off of Princess.

Location

Province ON

County Middlesex

Community East G

Area Middlesex

Zoning AC4

Rooms

Family Room No

Basement Partially Finished

Kitchen 2

Separate Den/Office 2

Interior

Interior Features Water Heater

Cooling None

Fireplaces Number 1

Fireplaces Type Fireplace Insert

Inclusions All landlord owned furniture, appliances and contents

Exterior

Parking Features Private Double, Tandem

Pool None

Roof Type Asphalt Shingle,Metal

Lot Frontage 31.28

Lot Depth 120.29

Total Parking Spaces 4

Building

Foundation Stone

Others

Senior Community No

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Listed by INITIA REAL ESTATE (ONTARIO) LTD

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Listing Booth

+1(613) 707-9804

Realtor | License ID: 4757672

Realtor License ID: 4757672

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552 Adelaide ST N

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