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4
BEDROOMS 2
BATHROOMS 2
KITCHENS 9
ROOMS X12890858
MLSID Contact Us
Property 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.
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Property Features
Primary Bedroom - Main Floor, Fireplace Insert
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Property Details
Address
552 Adelaide Street
Community
City
Postal Code
N6B 3J5
Property Type
Duplex, Duplex
Lot Size
32' x 120'
Acreage
0.1 Feet
Taxes
$2,849 (2025
Basement
Partially Finished
Exterior
Deck, Patio
Heat Type
Baseboard
Heat Source
Electric
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Sutton Group - Select Realty
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