552 ADELAIDE STREET N, London, Ontario N6B 3J5

552 ADELAIDE STREET N, London, Ontario N6B 3J5
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Get more details

$639,000.00

  • 4 bedrooms
  • 2 bathrooms

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 $3600 per month (upper leased until Nov 2026 - $1450, 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 ... read more

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 $3600 per month (upper leased until Nov 2026 - $1450, 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:25417)

  • Listing ID: X12890858
  • Property Type: Multi-family
Property
Lot Size: 32 by 120 FT
Parking: No Garage
4 Spaces
Building
Type: Multi-family Duplex
HVAC: Baseboard Heaters, Central Air Conditioning, Fireplace, Forced Air and Window Air Conditioner
Electric, Natural Gas
Exterior: Brick
Basement: N/A (Partially Finished)
Utilities: Sanitary Sewer
Location
City: London
Province: Ontario

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552 ADELAIDE STREET N, London, Ontario N6B 3J5
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This property, located on Adelaide Street North in London Ontario, was published on April 23rd, 2026. See if this multi-family home suits your needs, or speak with an agent about subscribing to similar homes. At MoveMeTo.com, we make finding homes for sale in London convenient.

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