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552 ADELAIDE STREET N, London, Ontario, N6B 3J5

MLS® # X11932633
new listing
Investment For Sale In East London, London, Ontario
$645,000
552 Adelaide Street N, London, ON - Outdoor
552 Adelaide Street N, London, ON - Outdoor
552 Adelaide Street N, London, ON - Outdoor
552 Adelaide Street N, London, ON - Outdoor
552 Adelaide Street N, London, ON - Photo Showing Other Room
552 Adelaide Street N, London, ON - Outdoor With Exterior
552 Adelaide Street N, London, ON - Indoor Photo Showing Kitchen
552 Adelaide Street N, London, ON - Indoor Photo Showing Kitchen With Double Sink
552 Adelaide Street N, London, ON - Indoor Photo Showing Living Room With Fireplace
552 Adelaide Street N, London, ON - Indoor Photo Showing Living Room With Fireplace
552 Adelaide Street N, London, ON - Indoor Photo Showing Other Room
552 Adelaide Street N, London, ON - Indoor Photo Showing Living Room
552 Adelaide Street N, London, ON - Indoor Photo Showing Living Room With Fireplace
552 Adelaide Street N, London, ON - Indoor Photo Showing Bedroom
552 Adelaide Street N, London, ON - Indoor Photo Showing Bedroom
552 Adelaide Street N, London, ON - Indoor Photo Showing Bathroom
552 Adelaide Street N, London, ON - Indoor
552 Adelaide Street N, London, ON - Indoor Photo Showing Laundry Room
552 Adelaide Street N, London, ON - Indoor Photo Showing Bedroom
552 Adelaide Street N, London, ON - Indoor
552 Adelaide Street N, London, ON - Outdoor With Exterior
552 Adelaide Street N, London, ON - Outdoor With Deck Patio Veranda With Exterior
552 Adelaide Street N, London, ON - Indoor
552 Adelaide Street N, London, ON - Indoor
552 Adelaide Street N, London, ON - Indoor Photo Showing Bathroom
552 Adelaide Street N, London, ON - Indoor Photo Showing Bedroom
552 Adelaide Street N, London, ON - Indoor Photo Showing Bedroom
552 Adelaide Street N, London, ON - Indoor Photo Showing Other Room
552 Adelaide Street N, London, ON - Indoor Photo Showing Living Room
552 Adelaide Street N, London, ON - Indoor Photo Showing Bedroom
552 Adelaide Street N, London, ON - Indoor Photo Showing Living Room
Video
552 Adelaide Street N, London, ON - Outdoor
552 Adelaide Street N, London, ON - Outdoor
552 Adelaide Street N, London, ON - Outdoor
552 Adelaide Street N, London, ON - Outdoor
552 Adelaide Street N, London, ON - Photo Showing Other Room
552 Adelaide Street N, London, ON - Outdoor With Exterior
552 Adelaide Street N, London, ON - Indoor Photo Showing Kitchen
552 Adelaide Street N, London, ON - Indoor Photo Showing Kitchen With Double Sink
552 Adelaide Street N, London, ON - Indoor Photo Showing Living Room With Fireplace
552 Adelaide Street N, London, ON - Indoor Photo Showing Living Room With Fireplace
552 Adelaide Street N, London, ON - Indoor Photo Showing Other Room
552 Adelaide Street N, London, ON - Indoor Photo Showing Living Room
552 Adelaide Street N, London, ON - Indoor Photo Showing Living Room With Fireplace
552 Adelaide Street N, London, ON - Indoor Photo Showing Bedroom
552 Adelaide Street N, London, ON - Indoor Photo Showing Bedroom
552 Adelaide Street N, London, ON - Indoor Photo Showing Bathroom
552 Adelaide Street N, London, ON - Indoor
552 Adelaide Street N, London, ON - Indoor Photo Showing Laundry Room
552 Adelaide Street N, London, ON - Indoor Photo Showing Bedroom
552 Adelaide Street N, London, ON - Indoor
552 Adelaide Street N, London, ON - Outdoor With Exterior
552 Adelaide Street N, London, ON - Outdoor With Deck Patio Veranda With Exterior
552 Adelaide Street N, London, ON - Indoor
552 Adelaide Street N, London, ON - Indoor
552 Adelaide Street N, London, ON - Indoor Photo Showing Bathroom
552 Adelaide Street N, London, ON - Indoor Photo Showing Bedroom
552 Adelaide Street N, London, ON - Indoor Photo Showing Bedroom
552 Adelaide Street N, London, ON - Indoor Photo Showing Other Room
552 Adelaide Street N, London, ON - Indoor Photo Showing Living Room
552 Adelaide Street N, London, ON - Indoor Photo Showing Bedroom
552 Adelaide Street N, London, ON - Indoor Photo Showing Living Room
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Get a home insurance quote online for this $645,000 property in London

Provided by TD Insurance
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552 ADELAIDE STREET N, London, Ontario, N6B 3J5
$645,000

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 $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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Duplex
  • Basement Development: Partially finished
  • Basement Type: N/A
  • Exterior Finish: Brick
  • Fireplace Type: Insert
  • Foundation Type: Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 3+2
  • Bathrooms: 2
  • Irregular: Yes
  • Lot Depth: 120.3 Feet
  • Lot Frontage: 31.3 Feet
  • Lot Size: 31.28 x 120.29 FT
  • Zoning: AC4
  • Sewer: Sanitary sewer
  • Parking Type: Tandem
  • No. of Parking Spaces: 4

Courtesy of: INITIA REAL ESTATE (ONTARIO) LTD

REALTOR.ca  

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Sales/Price History

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Location of 552 ADELAIDE STREET N, London, Ontario, N6B 3J5

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

51/100

Moderate

ClimateCheck®

Current data

This property, 552 ADELAIDE STREET N , experiences 7 hot days per year at around 30.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.2 degrees Celsius.

Projected Avg. Temperature

Past
30.6℃
2050
34.2℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 552 ADELAIDE STREET N , experiences 11 significant 2-day storms per year, with about 328.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 404.2mm of precipitation per year.

Precipitation Per Storm

Past
328.5mm
2050
404.2mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 552 ADELAIDE STREET N, London, 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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