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34 ADELAIDE STREET S
London Ontario N5Z3K2 Canada

$579,000

Active Listing ID X10440638
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4 bed
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6.00 Bath
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Multi-family

$579,000

Active Listing ID X10440638
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34 ADELAIDE STREET S 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 ($20K spent on renovation). 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) =$717 (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Exterior Finish: Stucco, Aluminum siding
  • Heating Systems: Radiant heat
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 11/25/2024 6:51:13 PM GMT
Source Updated Date: 12/11/2024 10:56:46 PM GMT

Courtesy of: ANDREW H. KEYES, Salesperson, ROYAL LEPAGE REAL ESTATE SERVICES LTD.