552 Adelaide Street North, London | Image 1

552 Adelaide Street North

London, East G

  • 3 bed 2 bath
$645,000 est.*: $2,185/mo
For Sale

Added 2 months ago

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  • Type: Duplex

  • Style: 2-Storey

  • Lot Size: 31.28 x 120.29 Feet

  • Age: No Data

  • Taxes: $2,674 per year

  • Days on Site: 12 Days

  • Added: Jan 20, 2025 (2 months ago)

  • Updated:

  • Last Checked: 2 weeks ago

  • MLS®#: X11932633

  • Listed By: Initia real estate (ontario) ltd

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.

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Property

  • Status: Sale

  • Property Type: Duplex

  • Style: 2-Storey

  • Area: London

  • Community: East G

  • Availability Date: Immediate

Inside

  • Bedrooms: 3

  • Bedrooms Plus: 2

  • Bathrooms: 2

  • Kitchens: 1

  • Kitchens Plus: 1

  • Rooms: 9

  • Den/Family Room: No

  • Air Conditioning: None

  • Fireplace: Yes

  • Central Vacuum: N

  • Washrooms: 2

Building

  • Basement: Part Fin

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Brick

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Pvt Double

  • Garage Type: None

  • Covered Parking Spaces: 4

  • Total Parking Spaces: 4

Fees

  • Tax Year: 2024

  • Tax Legal Description: PART LOTS 1 AND 2 AND 5, PLAN 388(3RD) AS IN 799473; SUBJECT TO

  • Taxes: $2,674

Land

  • Cross Street: North of Princess St

  • Municipality District: London

  • Fronting On: East

  • Parcel Number: 082800181

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 120.29 Feet

  • Lot Frontage: 31.28 Feet

  • Zoning: AC4

Additional Media

  • Virtual Tour: https://youtu.be/o6u_urwYF7s
See 3D Tour of 552 Adelaide Street North, London
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Very Walkable

  • Most errands can be accomplished on foot.
87 /100

Good Transit

  • Some errands can be accomplished by public transportation.
64 /100

Very Bikeable

  • Most errands can be accomplished on bike.
71 /100
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Map of 552 Adelaide Street North, London
JK-8

Aberdeen Public School

Elementary: Public
1.37 km
JK-8

Knollwood Park Public School

Elementary: Public
1.55 km
5-8

St Mary School

Elementary: Catholic
0.73 km
JK-8

East Carling Public School

Elementary: Public
1.36 km
JK-8

St. John French Immersion School

Elementary: Catholic
1.68 km
K-8

Lord Roberts Public School

Elementary: Public
0.55 km
9-12

École secondaire Gabriel-Dumont

Secondary: Public
2.47 km
9-12

École secondaire catholique École secondaire Monseigneur-Bruyère

Secondary: Catholic
2.46 km
9-12

B Davison Secondary School Secondary School

Secondary: Public
2.07 km
9-12

London Central Secondary School

Secondary: Public
1.05 km
9-12

Catholic Central High School

Secondary: Catholic
0.84 km
9-12

H B Beal Secondary School

Secondary: Public
0.69 km

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