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592 Adelaide Street N London, Ontario N6B 3J8

5 Bedroom 3800
Central Air Conditioning Forced Air

$899,900

INVESTMENT AND/OR OWNER OCCUPY OPPORTUNITY. This desirable 3800 square foot building on good lot with rear parking, 6 vehicle mutual drive, located on busy, high visibility Adelaide Street N. The building is in great shape, well-maintained, freshly painted, and is presently fully occupied by four residential Tenants and one retail Tenant, and achieves a gross operating income of $67,860 per year. Great opportunity for an owner-occupier or investor to choose two of their own residential tenants. Apt 1 expire June 30th, 2022 and will be month-to-month unless notice is given. Apt 2 & Apt 3 have received notice of rent increase beginning Sept 1st. Attractive main floor 600' sq ft retail space with street frontage leased $1500 per month. Retail includes storage space in basement. Coin laundry from residential tenants produces $1,500 yearly. Current Rental license 2022. Present rent: Apt 2 $1030 Apt 3 $684 Apt 4 $1150 Sep. 1st: Apt 1 $1305 24+ HOUR NOTICE MUST BE GIVEN FOR SHOWINGS. GREAT OPPORTUNITY FOR OWNER OCCUPIED WITH INCOME. (id:19173)

Property Details

MLS® Number 40273233
Property Type Multi-family
Amenities Near By Playground, Public Transit, Shopping
Community Features School Bus
Features Laundry- Coin Operated
Parking Space Total 6

Building

Bedrooms Total 5
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1930
Cooling Type Central Air Conditioning
Exterior Finish Brick, Other
Fire Protection Unknown
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 3800
Utility Water Municipal Water

Land

Acreage No
Land Amenities Playground, Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 150 Ft
Size Frontage 35 Ft
Size Irregular 0.119
Size Total 0.119 Ac|under 1/2 Acre
Size Total Text 0.119 Ac|under 1/2 Acre
Zoning Description Ac4

https://www.realtor.ca/real-estate/24516882/592-adelaide-street-n-london

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