592 ADELAIDE Street N, London, Ontario, N6B3J8 London ON CA

CAD 699,900

For Sale MLS: 40325971

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Property Details

Bedrooms

Bathrooms

Neighborhood

East London

Basement

Full (Unfinished)

Property Type

Multi-family

Description

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. Apt 1 is month-to-month. 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:1937) Find out more about this property. Request details here

Location

Address

Adelaide Street, London, Ontario N6B 3P8, Canada

City

London

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