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592 Adelaide Street N London, Ontario N6B 3J8

5 Bedroom 3 Bathroom 1800
Central Air Conditioning Forced Air

$979,000

Excellent investment property near downtown with high traffic exposure. 1 retail/commercial unit and 4 residential units. Unit 1 - 600 sq. ft. retail/commercial shop plus up to 500 sq. ft. basement storage - $1,500.00 all inclusive. Unit 2 - newly renovated luxury main floor apartment renting at $1,290.00 all inclusive, Unit #3 - main floor bachelor apartment renting at $674.00 all inclusive plus an additional 1 room office can be used with the business or could become a bedroom added to the bachelor apartment. 2nd floor - Unit #4 - one bedroom apartment renting for $1,000.00 and Unit #5 - 2 bedroom large apartment renting for $1,019.00 all inclusive plus coin operated laundry in the basement for all tenants. Total annual income is $67,296.00 and total annual expenses are $25,944.00 (including one time cost of exterior painting $7880.00). Net operating income $41,352.00. Mutual driveway with 6 parking spots at the back, nicely landscaped. The property is in very good conditioned and well maintained. (id:42140)

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Property Details

MLS® Number 40160478
Property Type Multi-family
Amenities Near By Place Of Worship, Public Transit, Shopping
Communication Type High Speed Internet
Community Features High Traffic Area
Equipment Type None
Features Shared Driveway, Laundry- Coin Operated
Parking Space Total 5
Rental Equipment Type None

Building

Bathroom Total 3
Bedrooms Total 5
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1930
Construction Material Wood Frame
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick, Stone, Vinyl Siding, Wood
Fire Protection None
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1800
Type Fourplex
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Place Of Worship, Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 150 Ft
Size Frontage 35 Ft
Size Total Text Under 1/2 Acre
Zoning Description Ac4

Utilities

Cable Available
DSL* Available
Electricity Available
Natural Gas Available

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https://www.realtor.ca/real-estate/23593664/592-adelaide-street-n-london

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