Listed by Initia Real Estate (Ontario) Ltd.

552 Adelaide Street N is a Duplex, 2-Storey and is currently for Sale @ $645,000. Taxes in 2024 were $2,674.31.

More homes for sale under 600k in London

Great investment property close to downtown with short bus rides to both of Fanshawe College and Western University. The 2-Storey on 552 Adelaide Street N has 3 bedrooms, 2 bathrooms, and is located on a 120.29 x 31.28 ft lot in the community of East G . 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.

The address 552 Adelaide Street N was listed for sale (MLS# X11932633) on Monday, January 20, 2025.