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Maria Tompson
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$645,500
Available - For Sale
Listing ID: X12563014
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.
Price $645,500
Taxes: $2,674
Occupancy by: Tenant
Address: 552 Adelaide Street North , London East, N6B 3J5, Middlesex
Directions/Cross Streets: Princess
Rooms: 9
Bedrooms: 4
Bedrooms +: 0
Washrooms: 2
Family Room: F
Basement: Partially Fi
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Second
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Property Type: Duplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 4
Pool: None
Approximatly Square Footage: 1500-2000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Baseboard
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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SUTTON GROUP - SELECT REALTY

552 Adelaide Street North , London East, N6B 3J5, Middlesex

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Duplex
Area: Middlesex
Municipality: London East
Neighbourhood: East G
Style: 2-Storey
Lot Size: x 120.00(Feet)
Approximate Age:
Tax: $2,674
Maintenance Fee: $0
Beds: 4
Baths: 2
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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