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$579,000
Available - For Sale
Listing ID: X10440638
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
Price $579,000
Taxes: $2,658.58
Address: 34 Adelaide St South , London, N5Z 3K2, Ontario
Lot Size: 40 x 125 (Feet)
Directions/Cross Streets: Adelaide St. S / North of Thompson Rd.
Rooms: 14
Bedrooms: 4
Washrooms: 6
Kitchens: 6
Family Room: N
Basement: Finished
Full
No. of Pieces Level
Washroom 1:  4 Ground
Washroom 2:  4 2nd
Washroom 3:  4 Bsmt
Property Type: Multiplex
Style: 2-Storey
Exterior: Alum Siding
Stucco/Plaster
Garage Type: Detached
(Parking/)Drive: Private
Drive Parking Spaces: 6
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 1500-2000
Property Features: Park
Public Transit
Rec Centre
School
Fireplace/Stove: N
Heat Source: Other
Heat Type: Radiant
Central Air Conditioning: None
Sewers: Sewers
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE REAL ESTATE SERVICES LTD.

34 Adelaide St South , London, N5Z 3K2, Ontario

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Freehold - Multiplex
Area: Middlesex
Municipality: London
Neighbourhood: South I
Style: 2-Storey
Lot Size: 40.00 x 125.00(Feet)
Approximate Age: 100+
Tax: $2,658.58
Maintenance Fee: $0
Beds: 4
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908