552 Adelaide St N
East G, London
$645,000
Buy with Dwelly and Save $6,450
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 furniture owned by the landlord.
City: London
Neighborhood: East G
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Jun 27, 2024 | 126 | $645,000 | N/A | Expired | X8482592 |
| Apr 22, 2024 | 50 | $699,999 | N/A | Terminated | X8257648 |
| Feb 21, 2024 | 26 | $2,150 | $2,150 | Leased | X8196170 |
| Jan 31, 2024 | N/A | $96,900 | N/A | Sold | X7601483 |
| Jan 13, 2024 | N/A | $449,500 | N/A | Sold | X7752589 |
| Jan 6, 2024 | N/A | $599,999 | N/A | Sold | X7813050 |
| Dec 28, 2023 | N/A | $599,999 | N/A | Sold | X7463063 |
| Dec 27, 2023 | N/A | $329,988 | N/A | Sold | X7421632 |
| Dec 8, 2023 | N/A | $109,900 | N/A | Sold | X7601626 |
| Nov 30, 2023 | N/A | $122,900 | N/A | Sold | X7489643 |
| Nov 29, 2023 | N/A | $349,500 | N/A | Sold | X7842969 |
| Nov 29, 2023 | N/A | $599,999 | N/A | Sold | X7463341 |
| Nov 20, 2023 | N/A | $339,900 | N/A | Sold | X7850629 |
| Nov 9, 2023 | N/A | $298,000 | N/A | Sold | X7857449 |
| Oct 9, 2023 | N/A | $298,000 | N/A | Sold | X7861829 |
| Sep 20, 2023 | 33 | $2,295 | N/A | Terminated | X7017650 |
| Sep 6, 2023 | 47 | $1,950 | N/A | Terminated | X6796758 |
| Apr 5, 2023 | 42 | $599,999 | $605,000 | Sold | X7813052 |
| Feb 6, 2023 | N/A | $599,999 | N/A | Terminated | X7463340 |
| Jan 8, 2023 | N/A | $599,999 | N/A | Terminated | X7463064 |
| Jul 14, 2018 | 26 | $449,500 | $449,500 | Sold | X7752512 |
Rooms
Room dimensions for 552 Adelaide St N, London
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 552 Adelaide St N is 3403
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $645000 |
| Down Payment | $129000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $516000 |
Monthly Payment
| Mortgage Payment | $3180 |
| Property Taxes | $223 |
| Maintenance Fees | $0 |
| Monthly Payment | $3403 |
Sold Comparables
Sold Comparables homes near 552 Adelaide St N, London
About 552 Adelaide St N, London
Located at 552 Adelaide St N , this London house is available for sale. This property was listed for $645,000 on Sat Feb 01 2025. This house's size is 31.28 x 120.29 Feet. 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 is situated in the East G neighbourhood.
MLS#: X11932633 · $645,000 · 3 bedroom house in East G, London