552 ADELAIDE STREET N, London East (East G), Ontario N6B3J5

552 ADELAIDE STREET N
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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 $3645 per month (upper leased until Nov 2026 - $1495, and main is month to month - $2150) with tenants paying all utilities. Tenants are planning on staying. Fully funded this property has a capitalization rate about 5.5% 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 Specifications

Comprehensive breakdown of features and details.

Interior Details

BasementPartially finished, N/A
Bathrooms Total2
Bedrooms Total4
CoolingCentral air conditioning, Window air conditioner
Fireplace FeaturesInsert
FireplaceTrue
Fireplaces Total1
HeatingBaseboard heaters, Forced air, Not known, Not known, Electric, Natural gas

Building & Exterior

Exterior FeaturesBrick
Foundation DetailsBlock
Parking FeaturesNo Garage
Stories2.0

Land & Location

City RegionEast G
Frontage Length32.0 feet
Lot Size Dimensions32 x 120 FT

Listing & Financials

Listing OfficeSUTTON GROUP - SELECT REALTY
Originating System NameLondon and St. Thomas Association of REALTORS®

Other Specifications

CountryCanada
Parking Total4

For Sale

$645,500

552 ADELAIDE STREET N, London East (East G), Ontario N6B3J5

Beds

4

Baths

2

Living Area

-

Lot Size

-

Property Type

Duplex

Year Built

-

Listing IDX12563014

Location & Map

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552 ADELAIDE STREET N, London East (East G) | $645,500 | Lify.ca