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view of front of house featuring brick siding

snowy aerial view featuring a residential view Features: residential view

snowy aerial view with a residential view Features: residential view

snow covered back of property with stairs, a metal roof, and brick siding Features: split ac unit, fence, deck

snow covered patio with stairway and a patio area Features: fence

kitchen with freestanding refrigerator, wainscoting, white cabinets, stainless steel dishwasher, and light tile patterned floors Features: tile floor, sink, white cabinets, natural light, open shelves, refrigerator, microwave, hardwood floor, countertops, visible hinge cabinets, raised cabinets, dishwasher

kitchen with stainless steel appliances, white cabinets, light tile patterned floors, and butcher block counters Features: tile floor, visible hinge cabinets, microwave, white cabinets, dishwasher, butcher block countertops, sink, refrigerator, raised cabinets, crown molding cabinets

living room with light wood-style floors, a fireplace, healthy amount of natural light, a chandelier, and a textured ceiling Features: tv, fireplace, natural light, hardwood floor, textured ceiling, notable chandelier

living area with a textured ceiling, light wood-style floors, a fireplace, and a chandelier Features: fireplace, wood finish floor, notable chandelier, drywall, natural light, textured ceiling, tv

living area with a decorative wall, a wainscoted wall, wood finished floors, and suspended lighting Features: drywall, paneling wall, smoke carbon monoxide detector, notable chandelier, wood finish floor, wainscot wall

bedroom featuring light wood-style flooring, a textured ceiling, and a chandelier Features: textured ceiling, notable chandelier, hardwood floor, natural light

bedroom featuring vaulted ceiling and wood finished floors Features: hardwood floor, natural light, vaulted ceiling

full bathroom featuring vanity and shower / bath combination with glass door Features: toilet, combined bath shower, vanity, sink, tile floor

laundry room with light wood-style floors, washer / clothes dryer, and cabinet space Features: hardwood floor, laundry, low ceiling, sink, washer dryer

laundry area with cabinet space, light wood finished floors, and washing machine and clothes dryer Features: basement, wood finish floor, low ceiling, separate washer dryer, sink, laundry, baseboards wall, washer hookup, drywall

bedroom featuring light wood-style flooring and baseboards Features: hardwood floor

bedroom with light wood-style floors and recessed lighting Features: drywall, low ceiling, indoor bar, baseboards wall, basement, recessed lighting, wood finish floor

kitchen featuring freestanding refrigerator, reddish brown cabinets, light tile patterned flooring, and red cabinetry Features: red cabinets, stone countertops, baseboard radiator, visible hinge cabinets, refrigerator, tile floor, open shelves, reddish brown cabinets

kitchen with reddish brown cabinets, light tile patterned floors, a peninsula, light stone countertops, and red cabinets Features: natural light, ceiling fan, kitchen peninsula, open shelves, tile floor, tv, refrigerator, reddish brown cabinets, stone countertops, red cabinets

full bath with bathing tub / shower combination and light tile patterned flooring Features: sink, tile floor, toilet, natural light, vent, mirror, combined bath shower

hallway with light wood-type flooring, a textured ceiling, and suspended lighting Features: natural light, textured ceiling, wood finish floor, baseboards wall, drywall, notable chandelier

bedroom with light wood-style flooring Features: natural light, hardwood floor, notable chandelier, walk in closet

dining room with wood finished floors and hanging lights Features: natural light, drywall, notable chandelier, baseboards wall, wood finish floor

living room featuring plenty of natural light, a textured ceiling, wood finished floors, and a chandelier Features: baseboard radiator, natural light, notable chandelier, tv, textured ceiling, hardwood floor

bedroom featuring ornamental molding and light wood-style flooring Features: wood finish floor, crown molding, drywall

living area featuring wood finished floors, a chandelier, a fireplace, and a textured ceiling Features: hardwood floor, natural light, tv, fireplace, notable chandelier, textured ceiling

living room with light wood-style floors and hanging lights Features: tv, drywall, notable chandelier, baseboards wall, wood finish floor, textured ceiling, fireplace

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For Sale - 552 Adelaide Street, London East, Ontario

552 Adelaide Street

London East , Ontario

4 2 $639,000

Est payment $3,068/mo

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Time on Jump 205 day

AI Summary *

Prime investment location close to downtown and major universities.
Fully tenanted with strong monthly rental income of $3600.
Renovated in 2023, minimizing maintenance costs for upcoming years.
Rents are below market, offering potential for future profit.
Property includes rear parking access and comes fully furnished.

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Purchase Price

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Down Payment:
$ 31,950 ( 5% )

First Time Buyer:
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New Build:
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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 $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.

Listing IDX12890858

Address552 Adelaide Street

CityLondon East, Ontario

Price$639,000

Bed / Bath4 / 2 Full

Style2-Storey, Duplex

ConstructionBrick

Land Size0.09

TypeMulti-Family

StatusFor Sale

Extras

Subtype DuplexIndoor Features Primary Bedroom - Main FloorOutdoor Features Deck, PatioOwnership FreeholdBasement Partially FinishedFoundation BlockHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

Market Info

Parking 4.00

Listing Brokerage: SUTTON GROUP - SELECT REALTY

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Listing Brokerage: SUTTON GROUP - SELECT REALTY

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For Sale - 552 Adelaide Street, London East, Ontario

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