552 Adelaide Street N, London East, ON N6B 3J5
London East, ON, N6B 3J5 · East G
About this property
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.
Features & Amenities
- Basement: Partially Finished
- Garage: None
- Cooling: Central Air, Window Unit(s)
- Heat Type: Baseboard
- Heat Source: Electric
- Style: 2-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Duplex |
| Architectural Style | 2-Storey |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Lot Size | 0 Feet |
| Basement | Partially Finished |
| Garage | None |
| Parking Spaces | 4 |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | Central Air, Window Unit(s) |
| Sewer | Sewer |
| Annual Tax | $2,849 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Primary Bedroom - Main Floor
- Fireplace
- Yes
- Fireplace Features
- Fireplace Insert
Exterior Features
- Exterior Features
- Deck, Patio
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick
- Foundation Details
- Block
- Roof
- Asphalt Shingle, Metal
- Basement
- Partially Finished
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- Central Air, Window Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 4
- Parking Total
- 4.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 0.09
- Lot Size Units
- Feet
- Lot Depth
- 120.00
- Lot Width
- 32.00
Financial & Tax
- Tax Annual Amount
- $2,849
- Tax Year
- 2025
- Possession Type
- Immediate
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 9
- Kitchens Above Grade
- 2
- Kitchens Total
- 2
- Bedrooms Above Grade
- 4
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- East
- County Or Parish
- Middlesex
- Cross Street
- Princess
- Directions
- Adelaide south of Central
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
552 Adelaide Street N, London East, ON N6B 3J5, London East, ON, N6B 3J5