552 Adelaide St N
East G, London East
$645,500
Buy with Dwelly and Save $6,455
Home Details
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Listing 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 $3800 per month (upper leased until Aug 2025 - $1650, and main is March 2025 - $2150) with tenants paying all utilities. Tenants are planning on staying. Fully funded this property has a capitalization rate between 5.5% and 6% 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.
All landlord owned furniture, appliances and contents
City: London East
Neighborhood: East G
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Jan 20, 2025 | 161 | $645,000 | N/A | Expired | X11932633 |
Rooms
Room dimensions for 552 Adelaide St N, London East
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 552 Adelaide St N is 3405
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $645500 |
| Down Payment | $129100 |
| Mortgage Insurance | $0 |
| Total Mortgage | $516400 |
Monthly Payment
| Mortgage Payment | $3182 |
| Property Taxes | $223 |
| Maintenance Fees | $0 |
| Monthly Payment | $3405 |
Sold Comparables
Sold Comparables homes near 552 Adelaide St N, London East
About 552 Adelaide St N, London East
Located at 552 Adelaide St N , this London East house is available for sale. This property was listed for $645,500 on Sun Jul 06 2025. This house's size is 1100-1500 Sqft. It has 3 bedrooms and 2 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 4 parking spots. 552 Adelaide St N, London East is situated in the East G neighbourhood.
MLS#: X12266365 · $645,500 · 3 bedroom house in East G, London East