ON > London > East G
London, ON N6B 3J5,552 Adelaide ST N
London, ON N6B 3J5,552 Adelaide ST N
London, ON N6B 3J5,552 Adelaide ST N
London, ON N6B 3J5,552 Adelaide ST N
London, ON N6B 3J5,552 Adelaide ST N
London, ON N6B 3J5,552 Adelaide ST N
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Desiree King

Desiree King

Real Broker Ontario Ltd., Brokerage

+1(888) 834-8520
$ 645,000
Est. payment | /mo

3 Beds

2 Baths

Save Virtual Tour
$ 645,000
Est. payment | /mo
Save Virtual Tour

3 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision East G

MLS Listing ID X11932633

Style 2-Storey

Bedrooms 3

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

Rooms

Family Room No

Basement Partially Finished

Kitchen 2

Separate Den/Office 2

Interior

Interior Features Water Heater

Cooling None

Fireplaces Type Fireplace Insert

Fireplace Yes

Heat Source Gas

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

Virtual Tour https://youtu.be/o6u_urwYF7s

Listed by INITIA REAL ESTATE (ONTARIO) LTD
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(888) 834-8520

desiree@kingsdownsizing.com

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552 Adelaide ST N