552 Adelaide Street For Sale

London, East G, N6B 3J5

$645,000

Description

Listed by INITIA REAL ESTATE (ONTARIO) LTD.

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

View Map
  • Address: 552 Adelaide Street
  • Neighborhood: East G
  • City: London
  • State: Ontario
  • Postal Code: N6B 3J5

Property Video

Property Details

  • Property ID: X11932633
  • Property Price: $645,000
  • Style: Duplex, 2-Storey
  • Rooms: 9
  • Bedrooms: 3+2
  • Bath: 2
  • Parking Spaces: 4
  • Basement: Part Fin
  • Central Vac.: N
  • Den: N
  • Exterior: Brick
  • Heating: Forced Air
  • Fireplace: Y
  • Taxes: $2,674.31 (2024)
  • Lot: 120.29x31.28 (Feet)

Property History

This property has been sold 21 times before. To view this property's sale price history please sign in or register:


Sign In / Register

Recently Sold

  • Semi-Detached House sold at 563 James Street, Hamilton, North End, L8L 1J8 - MLS: X9380352
    • Sold 75 days ago

    563 James Street

    Hamilton, North End, L8L 1J8

    $645,000

    $000000

  • Semi-Detached House sold at 943-947 Sydenham Road, Kingston, City Northwest, K7M 3L8 - MLS: X11917346
    • Sold 19 days ago

    943-947 Sydenham Road

    Kingston, City Northwest, K7M 3L8

    $599,900

    $000000

  • Semi-Detached House sold at 48 BELL Street, West Centre Town, 4205 - West Centre Town, K1R 7C7 - MLS: X11884075
    • Sold 44 days ago

    48 BELL Street

    West Centre Town, 4205 - West Centre Town, K1R 7C7

    $685,000

    $000000

  • Contact Manoj Kukreja

    Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
    (647) 576 - 2100