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 (id:4069)
| Address |
34 ADELAIDE STREET S |
| List Price |
$579,000 |
| Property Type |
Multi-family |
| Type of Dwelling |
Other |
| Area |
Ontario |
| Sub-Area |
London |
| Bedrooms |
4 |
| Bathrooms |
6 |
| Floor Area |
1,500 Sq. Ft. |
| Lot Size |
40 x 125 FT Sq. Ft. |
| MLS® Number |
X10440638 |
| Listing Brokerage |
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
|
| Basement Area |
Full (Finished) |
| Postal Code |
N5Z3K2 |
| Zoning |
R2-2 |
| Site Influences |
Schools, Public Transit, Park |
| Amenities |
Separate Electricity Meters |
