CAONLondonEast London552 Adelaide St N
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552 Adelaide St N, London, ON

House

For Sale

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to see price

424

MLS® X12890858

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential
Size -
Garage None
Taxes $2,849
Days Active 18
Lot Size 
Approx. Age 
MLS® Number X12890858

Property Address: 552 Adelaide St N, London, ON, N6B3J5

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® NumberX12890858
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
BasementPartially Finished
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
Jun 12, 2024End Date
-Sold Price

Withdrawn

Apr 1, 2026List Date
$699,999List Price

Home Appraisal

This property is estimated to sell between: $450,000 and $734,000.
Similar properties in this area sold on average for: $450,260
Expected to sell in 19 days. Similar properties sold in 37 days. This home has been on eXp Realty for 18 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Starting Address
Destination Address
552 Adelaide St N, London, ON

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