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592 ADELAIDE Street N, London, ON, N6B 3J8
MLS® # 40191356
Investment For Sale In East London, London, Ontario
$979,000
592 Adelaide Street N, London, ON - Outdoor With Facade
592 Adelaide Street N, London, ON - Outdoor
592 Adelaide Street N, London, ON - Outdoor
592 Adelaide Street N, London, ON - Outdoor With Exterior
592 Adelaide Street N, London, ON - Outdoor With Exterior
592 Adelaide Street N, London, ON - Outdoor
592 Adelaide Street N, London, ON - Indoor
592 Adelaide Street N, London, ON - Indoor Photo Showing Kitchen
592 Adelaide Street N, London, ON - Indoor Photo Showing Bathroom
592 Adelaide Street N, London, ON - Indoor Photo Showing Other Room
592 Adelaide Street N, London, ON - Indoor Photo Showing Other Room
592 Adelaide Street N, London, ON - Indoor Photo Showing Bedroom
592 Adelaide Street N, London, ON - Indoor Photo Showing Other Room
592 Adelaide Street N, London, ON - Indoor Photo Showing Kitchen
592 Adelaide Street N, London, ON - Indoor Photo Showing Living Room
592 Adelaide Street N, London, ON  - Outdoor With Facade
592 Adelaide Street N, London, ON  - Outdoor
592 Adelaide Street N, London, ON  - Outdoor
592 Adelaide Street N, London, ON  - Outdoor With Exterior
592 Adelaide Street N, London, ON - Outdoor With Exterior
592 Adelaide Street N, London, ON - Outdoor
592 Adelaide Street N, London, ON - Indoor
592 Adelaide Street N, London, ON - Indoor Photo Showing Kitchen
592 Adelaide Street N, London, ON - Indoor Photo Showing Bathroom
592 Adelaide Street N, London, ON - Indoor Photo Showing Other Room
592 Adelaide Street N, London, ON - Indoor Photo Showing Other Room
592 Adelaide Street N, London, ON - Indoor Photo Showing Bedroom
592 Adelaide Street N, London, ON - Indoor Photo Showing Other Room
592 Adelaide Street N, London, ON - Indoor Photo Showing Kitchen
592 Adelaide Street N, London, ON - Indoor Photo Showing Living Room
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592 ADELAIDE Street N, London, ON, N6B 3J8
$979,000

Property Information:

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.

Inclusions: WATERTANK

Property Features:

  • Bedrooms: 5
  • Accessibility Features: Multiple Entrances
  • Acres Range: < 0.5
  • Basement Finish: Unfinished
  • Basement Type: Full Basement
  • Built in: 1930
  • Construction Materials: Brick, Stone, Vinyl Siding, Wood
  • Cooling: Central Air
  • Exterior Features: Controlled Entry, Landscaped
  • Features Area Influences: Downtown, High Traffic Area, Place of Worship, Public Transit, Shopping Nearby
  • Floor Space (approx): 1800.00 Square Feet
  • Foundation Detail: Concrete
  • Heating: Forced Air, Gas
  • Interior Features: Water Heater
  • Laundry Features: Coin Operated, Electric Dryer Hookup, In Basement, Shared, Washer Hookup
  • Lot Depth: 150.00 Feet
  • Lot Frontage: 34.91 Feet
  • Parking Features: Mutual/Shared, Reserved/Assigned
  • Road Access: Municipal Road
  • Roof: Asphalt Shing
  • Security Features: None
  • Services: Cable, Cell Service, Electricity, Garbage/Sanitary Collection, High Speed Internet, Natural Gas, Recycling Pickup
  • Topography: Flat site
  • Under Contract: None
  • Water Source: Municipal
  • Zoning: AC4
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 5

Courtesy of: RE/MAX CENTRE CITY REALTY INC., BROKERAGE

Data provided by: London St. Thomas Association of REALTORS® 342 Commissioners Rd. W., London, Ontario N6J 1Y3
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Market Price Trends

Location of 592 ADELAIDE Street N, London, ON, N6B 3J8

Demographic Information of 592 ADELAIDE Street N, London, ON, N6B 3J8

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$66,611.69

Average Number of Children

0.71

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.88 %

High school certificate or equivalent

22.89 %

Apprenticeship trade certificate/diploma

10.08 %

College/non-university certificate

19.5 %

University certificate (below bachelor)

1.49 %

University Degree

31.13 %

Commuter

Travel To Work

By Car

56.64 %

By Public Transit

19.84 %

By Walking

16.07 %

By Bicycle

2.97 %

By Other Methods

4.48 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

42.34 %

Houses

56.48 %

Own Vs. Rent