$ 645,500
Ontario London East Carling
29 Photos
552 Adelaide Street N, London East, ON N6B3J5 Photo 2
552 Adelaide Street N, London East, ON N6B3J5 Photo 3
552 Adelaide Street N, London East, ON N6B3J5 Photo 4
552 Adelaide Street N, London East, ON N6B3J5 Photo 5

552 Adelaide Street N, London East

  • Bedrooms: 5
  • Bathrooms: 2
  • Added: 1 month ago
  • Updated: 1 month ago
  • Last Checked: 1 week ago
  • Listed by: INITIA REAL ESTATE (ONTARIO) LTD
  • View All Photos

Listing description
This Other at 552 Adelaide Street N London East, ON with the MLS Number x12266365 listed by PERRY CASKANETTE - INITIA REAL ESTATE (ONTARIO) LTD on the London East market 1 month ago at $645,500.

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 $3800 per month (upper leased until Aug 2025 - $1650, and main is March 2025 - $2150) with tenants paying all utilities. Tenants are planning on staying. Fully funded this property has a capitalization rate between 5.5% and 6% 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. (id:1945)
Property Details Key information about 552 Adelaide Street N
  • Heating:
    • Forced air
    • Natural gas
  • Structure Type: Duplex
  • Exterior Features: Brick
Interior Features Discover the interior design and amenities
  • Basement:
    • Partially finished
    • N/A
  • Appliances:
    • Furniture
    • Water Heater
  • Fireplaces Total: 1
  • Fireplace Features: Insert
Exterior & Lot Features Learn about the exterior and lot specifics of 552 Adelaide Street N
  • Water Source: Municipal water
  • Parking Features:
    • No Garage
    • Tandem
  • Lot Size Dimensions: 31.3 x 120.3 FT
Utilities & Systems Review utilities and system installations
  • Sewer: Sanitary sewer
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Nearby Listings Stat Estimated price and comparable properties near 552 Adelaide Street N

Active listings
27
Min Price
$329,900
Max Price
$749,900
Avg Price
$546,347
Days on Market
55 days
Sold listings
13
Min Sold Price
$339,900
Max Sold Price
$949,900
Avg Sold Price
$540,899
Days until Sold
75 days

Nearby Places Nearby schools and amenities around 552 Adelaide Street N

Catholic Central High School (0.8 km)
450 Dundas St, London

H.B. Beal Secondary School (0.8 km)
London

St. George's Public School (1.3 km)
782 Waterloo St, London

Banting House National Historic Site (0.4 km)
442 Adelaide St N, London

The Royal Canadian Regiment Museum (0.8 km)
701 Oxford St E, London

London Police Service (0.6 km)
601 Dundas St, London

Aeolian Hall (0.8 km)
795 Dundas St, London

Western Fair (1.1 km)
316 Rectory Street, London

Amici Italian Restaurant (1.1 km)
350 Dundas St, London

Delta London Armouries Hotel (1.2 km)
325 Dundas St, London

Hilton London (1.3 km)
300 King St, London

Dragon Court Restaurant (1.3 km)
931 Oxford St E, London

Price History

July 7, 2025
by INITIA REAL ESTATE (ONTARIO) LTD
$645,500
552 Adelaide Street N
More Details?
PERRY CASKANETTE

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