Address: 552 ADELAIDE STREET N, London FOR SALE Postal Code: N6B3J5 Style: Type: Single Family Duplex Bedrooms: 5 Bathrooms: 2 / 0 Bedrooms Aboveground: 3 Bedrooms Belowground: 2 Parking: Tandem Garage: Tandem Lot Size: 31 ft ,3 in x 120 ft ,3 in Property Size: 31.28 x 120.29 FT Stories: 2
About 552 Adelaide Street N
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. (id:56071). Get more information on 552 Adelaide Street N
Property Features
Appliances: Water Heater, Furniture Rental Equipment: Fireplace Total: 1 Fireplace: Insert Directions: North of Princess St. Zoning Description: AC4 Lot: 31.28 x 120.29 FT 31.28 x 120.29 FT Exterior Finish: Brick Water: Municipal water, Sanitary sewer Heating / Cooling: Natural gas / Age: Foundation: Stone Basement: N/A (Partially finished) Partially finished
Rooms & Sizes
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John DiRenzo
Sales Representative RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.
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FOR SALE
FOR SALE
FOR SALE
FOR SALE
FOR SALE