552 Adelaide Street N

About this home

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 $3600 per month (upper leased until Nov 2026 - $1450, 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.

Details

Type

Duplex

Style

2-Storey

Size

1500-2000 sq ft

Lot

32 × 120 ft

Basement

Partially Finished

Garage

None

Kitchens

2

Property tax

$2,849 (2025)

Neighbourhood

East G

Municipality

London East

Interior

Bedrooms

4 above ground

Bathrooms

1 × 4-piece (main), 1 × 4-piece (second)

Rooms

9 above ground

Family room or den

No

Fireplace

Fireplace Insert

Features

Primary Bedroom - Main Floor

Heating, cooling and services

Heating

Baseboard, Electric

Air conditioning

Central Air, Window Unit(s)

Water and sewer

Sewer

Building and exterior

Style

2-Storey

Exterior

Brick

Roof

Asphalt Shingle, Metal

Foundation

Block

Faces

East

Outdoor

Deck, Patio

Parking

Total parking

4

Lot

Size

32 × 120 ft

More

Possession

Immediate

Cross street

Princess