Property Information:

FULLY RENOVATED 6- UNIT APARTMENT BUILDING + APPROVED DEVELOPMENT SITE. An exceptional investment opportunity in OLD NORTH. This fully renovated six-unit apartment building offers immediate cash flow and future development potential. Existing building features 5 x 2 bedroom + 1 x 1 bedroom. Completley renovated to drywall and floor to ceiling. Luxury contemporary kitchens with quartz countertops, and 3 stainless steel appliances per suite. Luxury baths with full tubs and vanities with quartz countertops. High end light fixtures, tile and flooring throughout suites and common areas. Electric fireplaces in all units. Security controlled entry with video doorbells. New electrical, plumbing, and high eff. boiler system. New eff. windows throughout. Exterior: new sidewalks and asphalt parking lot and driveway. Annual income of approximately $126,000. Turnkey investment - strong rental performance with minimal maintenance. Location benefits- prime location on the edge of Old North. Close to shopping, transit, parks, and school. High demand rental area with long term growth potential. Contact your Agent today to schedule a viewing or request full development plans. This is a rare opportunity to secure a high performing asset with built in expansion potential. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Basement Development: Finished
Basement Type: Full
Exterior Finish: Brick, Concrete
Floor Space: 3000 - 3500 sqft
Foundation Type: Block
Heating Type: Baseboard heaters
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Dishwasher, Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 8+3
Bathrooms: 6
Amenities Nearby: Hospital
Floor Space (approx): 3000 - 3500 Square Feet
Irregular: Yes
Lot Depth: 282.3 Feet
Lot Frontage: 49.5 Feet
Lot Size: 49.5 x 282.3 FT ; 98.14 X 282.32 X 49.99 X 49.53FT
Utility Type: Sewer - Installed, Hydro - Installed
Zoning: R2-2
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 8

Courtesy of: SUTTON GROUP - SELECT REALTY

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Demographic Information of 894 ADELAIDE STREET N, London East (East C), Ontario, N5Y 2M5

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$113,102.59

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.78 %

High school certificate or equivalent

28.48 %

Apprenticeship trade certificate/diploma

4.81 %

College/non-university certificate

22.13 %

University certificate (below bachelor)

2.36 %

University Degree

30.44 %

Commuter

Travel To Work

By Car

67.48 %

By Public Transit

15.14 %

By Walking

11.36 %

By Bicycle

1.24 %

By Other Methods

4.78 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

25.91 %

Houses

74.09 %

894 ADELAIDE STREET N, London East (East C), Ontario, N5Y 2M5