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Maria Tompson

 Sales Representative
Remax Example Inc., Brokerage Independently owned and operated. 4711 Yonge Street, 10th Floor, Toronto, Ontario M2N 6K8 Cell: 416-548-7854Office: 416-548-7854Fax: 416-981-7184Toll Free: 1-866-382-2968

$579,000
Available - For Sale
Listing ID: X10440638
34 Adelaide St South , London, N5Z 3K2, Ontario


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. 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.
Extras:   Monthly rent income: #1(1bdrm/2nd floor) =$666; #2 (1bdrm/ground) =$692; #3 (studio/ground) =$615; #4 vacant (1 bdrm/basement) potential income $1200; #5 vacant (1bdrm/ground floor) potential income $1500; #6 (studio/2nd floor) =$617
Price $579,000
Taxes: $2658.58
Address: 34 Adelaide St South , London, N5Z 3K2, Ontario
Lot Size: 40.00 x 125.00 (Feet)
Directions/Cross Streets: Adelaide St. S / North of Thompson Rd.
Rooms: 14
Bedrooms: 4
Bedrooms +:
Kitchens: 6
Family Room: N
Basement: Finished, Full
Approximatly Age: 100+
Property Type: Multiplex
Style: 2-Storey
Exterior: Alum Siding, Stucco/Plaster
Garage Type: Detached
(Parking/)Drive: Private
Drive Parking Spaces: 6
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 1500-2000
Property Features: Park, Public Transit, Rec Centre, School
Fireplace/Stove: N
Heat Source: Other
Heat Type: Radiant
Central Air Conditioning: None
Sewers: Sewers
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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At a Glance:
Type: Freehold - Multiplex
Area: Middlesex
Municipality: London
Neighbourhood: South I
Style: 2-Storey
Lot Size: 40.00 x 125.00(Feet)
Approximate Age: 100+
Tax: $2,658.58
Maintenance Fee: $0
Beds: 4
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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