<-- style PDP --> 34 Adelaide Street, London South - Multiplex for sale for $579,000
  • sold

34 Adelaide Street

London South, Ontario, N5Z 3K2 - South I

$579,000$000000

  • Neighbourhood

    South I

  • Major Intersection

    Adelaide St. S / North of Thompson Rd.

  • Listed Since: 527 day(s)

  • Last update: 499 day(s) ago

Overview

  • Property Type

    Multiplex, 2-Storey

  • Bedrooms

    4

  • Bathrooms

    6

  • Basement

    Full + Finished

  • Kitchen

    6

  • Total Parking

    7 (1 Detached Garage)

  • Lot Size

    40x125 (Feet)

  • Taxes

    $2,658.58 (2024)

  • Type

    Freehold

Property Description

Property description for 34 Adelaide Street, London South

This investment property is located in the heart of London, offering a mix of six well-maintained apartments: four one-bedroom units and two studios. Four of the units are currently occupied by long-term tenants, providing immediate rental income, while two recently renovated units remain vacant, offering potential for higher returns ($20K spent on renovation). The property boasts an estimated net income of approximately $31,000 per year. Its central location offers excellent connectivity to public transit, with easy access to all local amenities, ensuring strong demand for both current and future tenants.

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

  • MLS #

    X10440638

  • Sq. Ft

    1500-2000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    100+

  • Pool

    None

  • Drive

    Private

  • Garage

    Detached, 1 spaces

  • Total Parking

    7

  • Family Room

    N

  • Den

    N

  • Exterior

    Alum Siding

  • Fireplace

    N

  • Roof

    Asphalt Shingle

  • Foundation

    Unknown

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Radiant

  • A/C

    None

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    n/a

  • MLS #

    X10440638

  • Sq. Ft

    1500-2000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    100+

  • Pool

    None

  • Drive

    Private

  • Garage

    Detached, 1 spaces

  • Total Parking

    7

  • Family Room

    N

  • Den

    N

  • Exterior

    Alum Siding

  • Fireplace

    N

  • Roof

    Asphalt Shingle

  • Foundation

    Unknown

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Radiant

  • A/C

    None

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    n/a

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

Estimated price

Date
Price
Change
2024-11-21
$561,740
---

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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