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$645,500
Ontario,London East (East G)
For Sale Active
552 ADELAIDE STREET N, London East (East G), Ontario N6B3J5
  • 4
  • 2
  • 1500 - 2000Square Feet
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Basic Details
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 $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. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12563014
  • Price: $645,500
  • Bedrooms: 4
  • Bathrooms: 2
  • Square Footage: 1500 - 2000 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 47312
Features & Appliances
Features
  • Heating System: Electric, Forced air, Natural gas, Baseboard heaters, Not known
  • Cooling System: Central air conditioning, Window air conditioner
  • Basement: Partially finished, N/A
  • Fireplace: Insert
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
  • Fireplaces Total: 1
Address Map
  • Location: CA, Ontario, London East (East G), N6B3J5
  • Street: Adelaide
  • Street Number: 552
  • Street Suffix: Street
  • Longitude: W82° 45' 59.2''
  • Latitude: N42° 59' 36.2''
  • Street Dir Suffix: North
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 32 x 120 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 2674
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Listing updated: 2025-12-10 04:22:43
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Listing Information
  • List Agent Key: 2051967
  • List Office Key: 47312
  • Modification Timestamp: 2025-11-20T18:31:04Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2025-11-20T18:23:29Z
Powered by REALTOR.ca
Listing updated: 2025-12-10 04:22:43
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