For saleMLS® X12890858
552 Adelaide Street N
London, N6B 3J5
$639,000
- Bedrooms
- 4
- Bathrooms
- 2
- Interior
- 1,500-2,000 ft²
- Lot
- 32 × 120 ft
- Type
- Multi-unit
About this home
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. 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.
Property details
- Property type
- Duplex
- Ownership
- Freehold
- Style
- 2-Storey
- Property taxes
- $2,849 (2025)
- Heating
- Baseboard, Electric
- Cooling
- Central Air, Window Unit(s)
- Basement
- Partially Finished
- Fireplace
- Fireplace Insert
- Parking
- 4 spaces
- Sewer
- Sewer
- Lot
- 32 × 120 ft lot
- Time on market
- 230 days on market
Features
Inside
- Primary Bedroom - Main Floor
Outside
- Deck
- Patio
- Brick
- Asphalt Shingle roof
- Metal roof
Location
Thinking about the area? Read my guide to Old East Village.
Estimate your payment
20% down. The minimum on this price is $38,900.
Your monthly payment
$2,829
- Mortgage amount
- $511,200
- Interest over the amortization
- $337,606
An estimate at a fixed rate compounded twice a year, with default insurance under 20% down. Your lender sets the real numbers, and I am happy to put you in touch with a mortgage professional.
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