view of home's exterior More Photos

×

    For Sale - 552 Adelaide Street, London East, Ontario

    Est payment $3,068/mo
    Get pre-qualified
    Views   2
    Time on Jump  26 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.




    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

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

    Parking 4.00
    ASAP

    Mon

    13

    Apr

    Tue

    14

    Apr

    Wed

    15

    Apr

    Thu

    16

    Apr

    Fri

    17

    Apr

    Sat

    18

    Apr

    Sun

    19

    Apr

    Mon

    20

    Apr

    Tue

    21

    Apr

    Wed

    22

    Apr

    Thu

    23

    Apr

    Fri

    24

    Apr

    Sat

    25

    Apr

    Sun

    26

    Apr

    Mon

    27

    Apr

    Tue

    28

    Apr

    Wed

    29

    Apr

    Thu

    30

    Apr

    Fri

    1

    May

    Sat

    2

    May

    Sun

    3

    May

    Mon

    4

    May

    Tue

    5

    May

    Wed

    6

    May

    Thu

    7

    May

    Fri

    8

    May

    Sat

    9

    May

    Sun

    10

    May

    Mon

    11

    May

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Agency:  SUTTON GROUP - SELECT REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    38 Rhine Meadow Road
    Woolwich, Ontario.
    5 Beds | 3 Baths
    $1,277,777
    95 Boulderbrook Drive
    Toronto, Ontario.
    4 Beds | 4 Baths
    $1,590,000
    55 Gleeson Way
    Barrhaven, Ontario.
    5 Beds | 4 Baths
    $924,900
    1129 Dipietro Street
    Fort Erie, Ontario.
    3 Beds | 3 Baths
    $799,900
    284 Par-La-Ville Circle
    Stittsville - Munster - Ric…
    3 Beds | 4 Baths
    $569,000
    920 Barry Avenue
    Innisfil, Ontario.
    2 Beds | 2 Baths
    $699,999
    15 Bowler Street
    Aurora, Ontario.
    3 Beds | 3 Baths
    $828,800
    124 Bruce Beach Road
    Huron-Kinloss, Ontario.
    4 Beds | 3 Baths
    $1,399,999
    200 Wilfred Avenue
    Toronto, Ontario.
    5 Beds | 5 Baths
    $1,990,000
    Loading...
    552 Adelaide Street
    London East , Ontario
    4 2 $639,000
    Get more info