34 ADELAIDE STREET S, London, Ontario, N5Z 3K2

$579,000

MLS® # X10440638

Investment For Sale In Glen Cairn, London, Ontario

$579,000

Property Information:

This investment property is located in the heart of London, offering a mix of six well-maintained apartments: four one-bedroom units and two studios. Four of the units are currently occupied by long-term tenants, providing immediate rental income, while two recently renovated units remain vacant, offering potential for higher returns. The property boasts an estimated net income of approximately $31,000 per year. Its central location offers excellent connectivity to public transit, with easy access to all local amenities, ensuring strong demand for both current and future tenants. **** EXTRAS **** Monthly rent income: #1(1bdrm/2nd floor) =$666; #2 (1bdrm/ground) =$692; #3 (studio/ground) =$615; #4 vacant (1 bdrm/basement) potential income $1200; #5 vacant (1bdrm/ground floor) potential income $1500; #6 (studio/2nd floor) =$617 (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Amenities: Separate Hydro Meters
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Aluminum siding, Stucco
  • Foundation Type: Unknown
  • Heating Type: Radiant heat

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 4
  • Bathrooms: 6
  • Amenities Nearby: Schools, Public Transit, Park
  • Community Features: Community Centre
  • Irregular: Yes
  • Lot Depth: 125.0 Feet
  • Lot Frontage: 40.0 Feet
  • Lot Size: 40 x 125 FT
  • Zoning: R2-2
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage
  • No. of Parking Spaces: 7

Courtesy of: Royal LePage Real Estate Services Ltd.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.