London, ON N5Z 3K2,34 Adelaide ST S
London, ON N5Z 3K2,34 Adelaide ST S
London, ON N5Z 3K2,34 Adelaide ST S
London, ON N5Z 3K2,34 Adelaide ST S
London, ON N5Z 3K2,34 Adelaide ST S
London, ON N5Z 3K2,34 Adelaide ST S
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$550,000

$579,000

5.0%
Est.Price: ?

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Est. payment /mo

4 Beds

6 Baths


SOLD DATE : 12/18/2024

Key Details

Sold Price $550,000

Property Type Multi-Family

Sub Type Multiplex

Listing Status Sold

Purchase Type For Sale

Approx. Sqft 1500-2000

MLS Listing ID X10440638

Sold Date 12/18/24

Style 2-Storey

Bedrooms 4

Annual Tax Amount $2,658

Tax Year 2024

Property Description

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.

Location

Province ON

County Middlesex

Community South I

Area Middlesex

Zoning R2-2

Region South I

City Region South I

Rooms

Family Room No

Basement Full, Finished

Kitchen 6

Interior

Interior Features Separate Hydro Meter

Cooling None

Exterior

Parking Features Private

Garage Spaces 7.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 40.0

Lot Depth 125.0

Total Parking Spaces 7

Building

Foundation Unknown

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 816-5514

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8854 Yonge St, L4C 0T, Hill, Ontario, Canada

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