Listing ID: X12890858  
$639,000

552 ADELAIDE STREET N

SUTTON GROUP - SELECT REALTY

552 ADELAIDE STREET N, London East (East G), Ontario, N6B3J5
Bathrooms2 Bedrooms4
Property TypeMulti-family Building Area1500 - 2000 sqft

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. (id:10648)


Details
GarageNo CarportNo
Attached GarageNo Open ParkingNo
Parking Total4 WaterfrontNo
Frontage Length32 ft ViewNo
Building
Cooling TypeCentral air conditioning,Window air conditioner CoolingYes
HeatingBaseboard heaters,Forced air,Not known,Not known Heating FuelElectric,Natural gas
Levels2 PoolNo
SewerSanitary sewer Stories2

Listing Office: SUTTON GROUP - SELECT REALTY

Data Provided by London and St. Thomas Association of REALTORS®

Last Modified :Tue, 17 Mar 2026 15:22:47 GMT

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