552 Adelaide St N

East G, London, N6B 3J5
For Sale
4.73 BTC
552 Adelaide St N, London
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
552 Adelaide St N
3 + 2
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
9
ROOMS
X11932633
MLSID
Contact Us
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.
Property Details
Property Type
Duplex, 2-Storey
Lot Size
31' x 120'
Fronting
East
Taxes
$2,674 (2024)
Basement
Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
None
Listing contracted with Initia Real Estate (Ontario) Ltd
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