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552 Adelaide St N

Adelaide St N, Old East Village, London, ON, N6B 3J5

5
Beds
2
Baths
$645,000
List Price
Details
Photos
31
Comparables
History
552 Adelaide St N, London, ON - 1 of 3
552 Adelaide St N, London, ON - 2 of 3
552 Adelaide St N, London, ON - 3 of 3
New
17 days on market

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... Show More

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:54626)

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Property Details

Size

Sq. Ft. Not Available
across 2 floors
5 Beds
3 Above Grade - 2 Below Grade
2 Baths
2 Full

Parking

4 Parking Spaces
Tandem

Lot

Size
375′0″ * 1442′12″
Acres
-

Build

Year Built
-
Model Name
-
Basement
Partially finished
Exterior
Brick
Foundation
Stone
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
-

Utilities

Water
Municipal water
Sewer
Sanitary sewer
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Source

Listing Brokerage

MLS® Listing
X11932633
Last Updated
February 3, 2025
Brokerage
INITIA REAL ESTATE (ONTARIO) LTD
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Call us 800-591-0566

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