$639,000
552 Adelaide St N
London East, ON N6B 3J5
552 Adelaide St N, London East — Listed at $639,000. 4 bedroom, 2 bathroom 2-Storey Duplex. MLS® X12890858.
Possession · seller's timeline
Immediate
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Description
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.
Property Details
Property Insights
Listing Courtesy of: SUTTON GROUP - SELECT REALTY
MLS® #X12890858
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HouseIndex Take: 552 Adelaide Street N
This duplex (2-Storey) is located in the East G neighbourhood of London East.
The home offers 4 bedrooms, 2 bathrooms.
Features include a partially finished basement, 4 parking spaces, a fireplace.
Additional details: lot dimensions of 32 × 120 feet.
Listed at $639,000 CAD with annual property taxes of $2,849 (2025).
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