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Royal LePage
Royal LePage
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$645,500

London East (East G) ON, N6B 3J5

MLS® # X12563014

Property Information:

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 $3645 per month (upper leased until Nov 2026 - $1495, 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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Duplex
  • Basement Development: Partially finished
  • Basement Type: N/A
  • Exterior Finish: Brick
  • Fireplace Type: Insert
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Block
  • Heating Type: Baseboard heaters, Forced air, Not known, Not known
  • Heating Fuel: Electric, Natural gas
  • Cooling Type: Central air conditioning, Window air conditioner

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 4
  • Bathrooms: 2
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 120.0 Feet
  • Lot Frontage: 32.0 Feet
  • Lot Size: 32 x 120 FT
  • Structure Type: Deck, Patio(s)
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

Courtesy of: SUTTON GROUP - SELECT REALTY

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 552 ADELAIDE STREET N, London East (East G), Ontario, N6B 3J5

Demographic Information of 552 ADELAIDE STREET N, London East (East G), Ontario, N6B 3J5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$103,386.05

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.01 %

High school certificate or equivalent

27.73 %

Apprenticeship trade certificate/diploma

4.17 %

College/non-university certificate

22.71 %

University certificate (below bachelor)

1.46 %

University Degree

34.92 %

Commuter

Travel To Work

By Car

68.02 %

By Public Transit

10.63 %

By Walking

16.14 %

By Bicycle

2.25 %

By Other Methods

2.96 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

70.2 %

Houses

29.8 %

Own Vs. Rent

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