552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London
  • 552 ADELAIDE STREET N London

552 ADELAIDE STREET N, London, Ontario

$645,000

  • 5 Beds
  • 2 Baths

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. (id:56241)

  • Listing ID: X11932633
  • Property Type: Multi-family
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Details

  • Parking Spaces: 4
  • Transaction: For sale
  • Zoning Description: AC4

Building

  • Appliances: Water Heater, Furniture
  • BasementType: N/A (Partially finished)
  • Basement Development: Partially finished
  • Bedrooms Main Level: 3
  • Bedrooms Lower Level: 2
  • Exterior Finish: Brick
  • Fireplace Present: True
  • Fireplace Total: 1
  • Fireplace Type: Insert
  • Foundation: Stone
  • Bathrooms (Total): 2
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Stories Total: 2
  • Type: Duplex
  • Utility Water: Municipal water

Land

  • Sewer: Sanitary sewer
  • Size Frontage: 31 ft ,3 in
  • Size Irregular: 31.28 x 120.29 FT
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 552 ADELAIDE STREET N in London Ontario. It was last modified on January 20th, 2025. Contact us to schedule a viewing or to discover other London homes for sale.

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