For Sale: 552 Adelaide Street N, London, ON - REW
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$639,000
4 bd • 2 ba • 1500 - 1999 sf • Multifamily
552 Adelaide Street N
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$639,000
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552 Adelaide Street NLondon, ON, N6B 3J5

Central London
  • 4 Bed
  • 2 Bath
  • 1500 - 1999 Sqft
  • Multifamily

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. (id:63626)
Listed by: PERRY CASKANETTE, Sales Representative, SUTTON GROUP - SELECT REALTY

Home facts and features

Price details
List Price
$639,000
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Gross Taxes for 2026
$2,849
Home facts
Bedrooms
4
Full Bathrooms
2
Parking Spaces
4
Parking Details
No Garage
Property Type
Multifamily
Depth
120 feet
Frontage
32.0 feet
Exterior Finish
Brick
Heating Type
Baseboard heaters, Forced air, Electric, Natural gas
Cooling
Central air conditioning, Window air conditioner
Basement Details
Partially finished,
Community
Agent details
Primary Agent
PERRY CASKANETTE
Primary Broker
SUTTON GROUP - SELECT REALTY
Listing details
Days on REW
86 Days
Property Views
46
MLS® Number
X12890858
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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25 Years
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Property Insights

H B Beal Secondary School
  • Public
  • 9 - 12
St Mary School
  • Catholic
  • 5 - 8
Catholic Central High School
  • Catholic
  • 9 - 12
London Central Secondary School
  • Public
  • 9 - 12
St Georges Public School
  • Public
  • JK - 8
Aberdeen Public School
  • Public
  • JK - 8
East Carling Public School
  • Public
  • JK - 8
St Michael School
  • Catholic
  • JK - 8
Knollwood Park Public School
  • Public
  • JK - 8
St. John French Immersion School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Sales Representative
PERRY CASKANETTE
Phone:
(519) 433-4331
Cell:
519-280-5579
Office:
519-433-4331
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.