Homes for sale - 34 Adelaide Street S, London, ON N5Z 3K2

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Elizabeth Pullman

[email protected] +1(905) 329-0460

Listed by Peter Brown • Royal LePage Real Estate Services Ltd., Brokerage

$ 579,000

Est. payment -/mo

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Active

34 Adelaide Street S London, ON N5Z 3K2

4 Beds

6 Baths

1,956 SqFt

UPDATED:

11/25/2024 04:55 PM

Key Details

Property Type Multi-Family

Sub Type Multi-6-9 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 1,956 sqft

Price per Sqft $296

MLS Listing ID 40661608

Bedrooms 4

Abv Grd Liv Area 1,956

Originating Board Oakville

Annual Tax Amount $2,658

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

Area South

Zoning R2-2

Direction Adelaide St. S / North of Thompson Rd.

Rooms

Basement Walk-Up Access, Full, Finished

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Radiator

Cooling None

Fireplace No

Appliance Refrigerator, Stove, Washer

Laundry Other

Exterior

Parking Features Detached Garage, Asphalt, Gravel

Garage Spaces 1.0

Roof Type Asphalt Shing

Lot Frontage 40.0

Lot Depth 125.0

Garage Yes

Building

Lot Description Park, Public Transit, Rec./Community Centre, Schools, Shopping Nearby, Trails

Faces Adelaide St. S / North of Thompson Rd.

Story 2

Foundation Other

Sewer Sewer (Municipal)

Water Municipal

Structure Type Aluminum Siding,Stucco

New Construction No

Others

Senior Community No

Tax ID 083560054

Ownership Freehold/None

Elizabeth Pullman

Advisor | License ID: 4780123

+1(905) 329-0460

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