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    592 Adelaide N Street London ON N5X 3W2

    $ 979,000.00

    592 Adelaide N Street London ON N5X 3W2
    • MLS #: 40216909
    • Post Updated: 2022-03-01 19:40:21
    • Bedrooms: 5
    • Bathrooms: 4
    • LotSizeDimensions: 150 x 34.91
    • BuildingAreaTotal: 2400
    • Year built: 1930
    • Status:
    • Type:

    Description

    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 – $3,000.00 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 $68,796.00 and total annual expenses are $25,944.00 (including one time cost of exterior painting $7880.00). Net operating income $42,852.00. Mutual driveway with 6 parking spots at the back, nicely landscaped. The property is in very good conditioned and well maintained.

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    Location & Schools

    • MLSAreaMajor: East
    • MLSAreaMinor: East G
    • CountyOrParish: Middlesex
    • Directions: Adelaide Street near Central Avenue.
    • ElementarySchool: Blessed Sacrament Catholic & East Carling Public Schools
    • HighSchool: Catholic Central & H.B. Beal Secondary Schools
    • Zoning: AC4

    Property Details

    • ParcelNumber: 82800000
    • AboveGradeFinishedArea: 1800
    • BelowGradeFinishedArea: 600
    • StoriesTotal: 2
    • ConstructionMaterials: Brick, Stone, Vinyl Siding, Wood Siding
    • AcresRange: < 0.5

    Courtesy of

    • ListOfficeName: RE/MAX CENTRE CITY REALTY INC., BROKERAGE

    592 Adelaide N Street London ON N5X 3W2. MLS 40216909. This style property is located in Old East Village is currently . This property is listed at $ 979,000.00. It has 5 beds bedrooms, 4 baths bathrooms. The property was built in 1930 year.

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