header

$645,000
Available - For Sale
Listing ID: X11932633
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.
Price $645,000
Taxes: $2,674.31
Address: 552 Adelaide St North , London, N6B 3J5, Ontario
Lot Size: 31.28 x 120.29 (Feet)
Directions/Cross Streets: North of Princess St.
Rooms: 9
Bedrooms: 3
Bedrooms +: 2
Washrooms: 2
Kitchens: 1
Kitchens +: 1
Family Room: N
Basement: Part Fin
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Upper
Property Type: Duplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Pvt Double
Drive Parking Spaces: 4
Pool: None
Fireplace/Stove: Y
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Sewers: Sewers
Water: Municipal
First Name: *
Last Name: *
Phone: *
Email: *
Showing Date:
Showing Time:
I Am Thinking of Moving
 
First Name: *
Last Name: *
Phone: *
Email: *

Message:

From:

Name:
Email:

To:

Name:
Email:

Comment:

 

Down payment: $  
Interest Rate: %  
Amortization :  Years
Payment Frequency:
Your Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
INITIA REAL ESTATE (ONTARIO) LTD

552 Adelaide St North , London, N6B 3J5, Ontario

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
 Virtual Tour   Book Showing   Email a Friend 
Jump To:
At a Glance:
Type: Freehold - Duplex
Area: Middlesex
Municipality: London
Neighbourhood: East G
Style: 2-Storey
Lot Size: 31.28 x 120.29(Feet)
Approximate Age:
Tax: $2,674.31
Maintenance Fee: $0
Beds: 3+2
Baths: 2
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
Locatin Map:
View Larger Map
Payment Calculator:
Price:
Down Payment: %
Rate: %
Amortization:  Years
Frequency
Calculate
Down Payment:
Mortgage Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Listing info
Description
General Details
Room & Interior
Exterior
Utilities
Get More Info:
Book Showing
Request More Info
Email Friend
Photos and movies:
View Slide Show
View All Photos
Virtual Tour
Calculator:
Affordability Chart
Mortgage Calculator
More To Do:
Print This Page

Listing added to compare list, click here  to view comparison chart.
Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

FEATURED PROPERTIES