592 ADELAIDE Street N, London, Ontario, N6B3J8
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 - $1,500.00 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 $67,296.00 and total annual expenses are $25,944.00 (including one time cost of exterior painting $7880.00). Net operating income $41,352.00. Mutual driveway with 6 parking spots at the back, nicely landscaped. The property is in very good conditioned and well maintained. (id:2471)
- Property Address: 592 ADELAIDE Street N, London, Ontario, N6B3J8
- Property Type: Multi-family
- Zoning Description: AC4
- Title: Freehold
- Acreage: under 1/2 acre
- Sewage Type: Municipal sewage system
- Water Type: Municipal water
- Access: Road access
- Total Parking Spaces: 5
- Amenities Nearby: Place of Worship, Public Transit, Shopping
- Structure Style: Fourplex
- Style: Detached
- Storeys: 2
- Floor Space: 1800
- Building Age: 1930
- Bedrooms: 5
- Bathrooms: 3-Total
- Basement Type: Full (Unfinished)
- Heating Type: Natural gas, Forced air
- Cooling: Central air conditioning
- Exterior Type: Brick, Stone, Vinyl siding, Wood
- Shared Driveway
- Laundry- Coin operated
- High Traffic Area
Listing Offices: RE/MAX CENTRE CITY REALTY INC., BROKERAGE
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