$579,000
Available - For Sale
Listing ID: X10440638
34 Adelaide St South , London, N5Z 3K2, Ontario
| This investment property is located in the heart of London, offering a mix of six well-maintained apartments: four one-bedroom units and two studios. Four of the units are currently occupied by long-term tenants, providing immediate rental income, while two recently renovated units remain vacant, offering potential for higher returns ($20K spent on renovation). The property boasts an estimated net income of approximately $31,000 per year. Its central location offers excellent connectivity to public transit, with easy access to all local amenities, ensuring strong demand for both current and future tenants. |
| Extras: Monthly rent income: #1(1bdrm/2nd floor) =$666; #2 (1bdrm/ground) =$692; #3 (studio/ground) =$615; #4 vacant (1 bdrm/basement) potential income $1200; #5 vacant (1bdrm/ground floor) potential income $1500; #6 (studio/2nd floor) =$717 |
| Price | $579,000 |
| Taxes: | $2658.58 |
| Address: | 34 Adelaide St South , London, N5Z 3K2, Ontario |
| Lot Size: | 40.00 x 125.00 (Feet) |
| Directions/Cross Streets: | Adelaide St. S / North of Thompson Rd. |
| Rooms: | 14 |
| Bedrooms: | 4 |
| Bedrooms +: | |
| Kitchens: | 6 |
| Family Room: | N |
| Basement: | Finished, Full |
| Approximatly Age: | 100+ |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Alum Siding, Stucco/Plaster |
| Garage Type: | Detached |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 6 |
| Pool: | None |
| Approximatly Age: | 100+ |
| Approximatly Square Footage: | 1500-2000 |
| Property Features: | Park, Public Transit, Rec Centre, School |
| Fireplace/Stove: | N |
| Heat Source: | Other |
| Heat Type: | Radiant |
| Central Air Conditioning: | None |
| Sewers: | Sewers |
| Water: | Municipal |
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| ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
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Aneta Andrews
Broker
Dir:
416-576-5339
Bus:
905-278-3500
Fax:
1-888-407-8605
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Middlesex |
| Municipality: | London |
| Neighbourhood: | South I |
| Style: | 2-Storey |
| Lot Size: | 40.00 x 125.00(Feet) |
| Approximate Age: | 100+ |
| Tax: | $2,658.58 |
| Beds: | 4 |
| Baths: | 6 |
| Fireplace: | N |
| Pool: | None |
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