Property Details

592 ADELAIDE Street N, London, Ontario, N6B3J8

592 ADELAIDE Street N, London, Ontario, N6B3J8 (ID 40191356)
Representative
Sagheer Chattha and Pal Dhillon
Real Estate Brokers
RE/MAX Centre City Realty Inc., Brokerage - London*
Cell: Sagheer: 519-694-1850 | Pal:519-619-9497
Tel: 519- 667-1800

$979,000 - For sale

ID#:40191356

Excellent investment property near downtown with high traffic exposure. 1 retail/commercial unit and 4 residential units. Unit 1 - 600 sq. ft. retail/commercial shop plus up to 500 sq. ft. basement storage - $3,000.00 all inclusive. Unit 2 - newly renovated luxury main floor apartment renting at $1,290.00 all inclusive, Unit #3 - main floor bachelor apartment renting at $674.00 all inclusive plus an additional 1 room office can be used with the business or could become a bedroom added to the bachelor apartment. 2nd floor - Unit #4 - one bedroom apartment renting for $1,000.00 and Unit #5 - 2 bedroom large apartment renting for $1,019.00 all inclusive plus coin operated laundry in the basement for all tenants. Total annual income is $68,796.00 and total annual expenses are $25,944.00 (including one time cost of exterior painting $7880.00). Net operating income $42,852.00. Mutual driveway with 6 parking spots at the back, nicely landscaped. The property is in very good conditioned and well maintained. (id:2471)

Location DescriptionN/A

Property Details
  • Property Address:592 ADELAIDE Street N, London, Ontario, N6B3J8
  • Property Type:Multi-family
  • Title:Freehold
  • Acreage:under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Access:Road access
Structure Details for 592 ADELAIDE Street N, London, Ontario, N6B3J8
  • Structure Style:Fourplex
  • Building Age:1930
  • Bedrooms:5
  • Bathrooms:3
  • Floor Space:1800
  • Heating Type:Natural gas, Forced air
  • Style:Detached
  • Storeys:2
  • Basement Type:Full (Unfinished)
  • Cooling Type:Central air conditioning
  • Rental Equipment:None
  • Exterior Type:Brick, Stone, Vinyl siding, Wood
Amenities for 592 ADELAIDE Street N, London, Ontario, N6B3J8 Shared Driveway, Laundry- Coin operated, High Traffic Area
  • Amenities Nearby:Place of Worship, Public Transit, Shopping
Representative
Sagheer Chattha and Pal Dhillon
Real Estate Brokers
RE/MAX Centre City Realty Inc., Brokerage - London*
Cell: Sagheer: 519-694-1850 | Pal:519-619-9497
Tel: 519- 667-1800
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Listing Office: RE/MAX CENTRE CITY REALTY INC., BROKERAGE

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592 ADELAIDE Street N, London, Ontario, N6B3J8

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