Room 1
Level not provided
552 Adelaide St
East G, London East, Ontario N6B 3J5
Description
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X12890858
- Board
- TRREB MLS®
- Days on market
- Tax
- $2,849
- Size
- 1500-2000 sqft
- Lot
- 32 × 120 Feet
- Parking
- None, 4 Parking
Listing History
Buy/Sell history for 552 Adelaide St, London East, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $639,000 | N/A | For Sale | X12890858 |
Estimated Market Value
Estimated value requires sign in
AI market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
Property Details
Property
- Property Type
- Duplex
- Style
- 2-Storey
- Community
- East G
- Municipality
- London East
Inside
- Bedrooms
- 4
- Bathrooms
- 2
- Bathroom Detail
- 1, 4pc, Main
- Bathroom Detail
- 1, 4pc, 2nd
- Basement Type
- Part Fin
- Kitchens
- 2
Utilities
- Water
- Municipal
- Cooling
- Central Air, Window Unit
- Heating Type
- Baseboard
Building
- Size
- 1500-2000 sqft
- Construction
- Brick
Parking
- Garage Type
- None
- Add. Parking
- 4
- Total Parking
- 4
Land
- Sewer
- Sewers
- Lot Size
- 32 × 120 Feet
- Lot Size Code
- Feet
Additional
- Foundation
- Block
- Roof
- Asphalt Shingle, Metal
- Fireplace
- Y
- Pool
- None
- Den
- N
- Family room
- N
Rooms (12)
Room 2
Level not provided
Room 3
Level not provided
Room 4
Level not provided
Room 5
Level not provided
Room 6
Level not provided
Room 7
Level not provided
Room 8
Level not provided
Room 9
Level not provided
Room 10
Level not provided
Room 11
Level not provided
Room 12
Level not provided
Location
Comparable Sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$2,930
- Down payment$127,800
- Mortgage amount$511,200
- Total interest$367,800
- Total cost$1,006,800
Cash flow analysis
$2,930
Total monthly payment
$3,167
Break-even down payment
100%
Cash flow-$3,167
03 / Community profileNeighbourhood demographicsPeople, homes and household context
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04 / Local performanceMarket detailsNeighbourhood price and activity trends
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$639,000
$639,000
CAD
Estimated market value
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