Street City Realty
552 Adelaide Street N
London East
N6B 3J5
$645,500
Residential Freehold
beds: 4
baths: 2.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X12563014
- Bedrooms:
- 4
- Bathrooms:
- 2
- Photos (33)
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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 $3645 per month (upper leased until Nov 2026 - $1495, and main is month to month - $2150) with tenants paying all utilities. Tenants are planning on staying. Fully funded this property has a capitalization rate about 5.5% 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.
- Property Type:
- Residential Freehold
- Property Sub Type:
- Duplex
- Home Style:
- 2-Storey
- Total Approx Floor Area:
- 1500-2000
- Lot Depth:
- 120'
- Lot Frontage:
- 32'
- Direction Faces:
- East
- Bedrooms:
- 4
- Bathrooms:
- 2.0
- Water supply:
- Municipal
- Kitchens:
- 2
- Bedrooms Above Grade:
- 4
- Kitchens Above Grade:
- 2
- Rooms Above Grade:
- 9
- Heating type:
- Baseboard
- Heating Fuel:
- Electric
- Foundation:
- Block
- Roof:
- Asphalt Shingle, Metal
- Basement:
- Partially Finished
- Fireplace Features:
- Fireplace Insert
- Fireplace/Stove:
- Yes
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Spaces:
- 4
- Total Parking Spaces:
- 4.0
- Family Room:
- No
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Taxes:
- $2,674 / 2024
- Assessment:
- $- / -
- Middlesex
- London East
- East G
- Primary Bedroom - Main Floor
- Deck, Patio
- Brick
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- Central Air, Window Unit(s)
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
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Virtual Tour
Listed by SUTTON GROUP - SELECT REALTY
Data was last updated November 20, 2025 at 11:15 PM (UTC)
Area Statistics
- Listings on market:
- 33
- Avg list price:
- $559,900
- Min list price:
- $349,900
- Max list price:
- $765,000
- Avg days on market:
- 48
- Min days on market:
- 1
- Max days on market:
- 541
These statistics are generated based on the current listing's property type
and located in
London East. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- DION EDWARDS
- STREET CITY REALTY
- 1 (519) 3171234
- Contact by Email
Street City Realty
Location
519 York St
London, ON, N6B 1R4