A pic from exterior of the house or condo, the front or back of building for 34 Adelaide St, London Ontario N5Z 3K2
36 days on Market

34 Adelaide St, London, Ontario N5Z 3K2

Townhouse
-
6
~1956 sqft
$579,000
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Townhouse
-
6
~1956 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$296/sqft

Est. Mortgage$2,487/mo

Tax Amount (2024)$2,659/yr

Days On Market36 days


Description

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.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~1956 SqFt
Lot Size5,000 SqFt(125 x 40)
Parking Spaces7
MLS ®Number40661608
Community NameGlen Cairn
Data SourceITSO
Listing byRoyal LePage Real Estate Services Ltd., Brokerage

Features

Heating: Radiator
Basement: Walk-Up Access, Full, Finished

Features

Lot size: 5,000 SqFt
Sewer (Municipal)

Parking

Garage spaces 1

Garage type -

Other parking spaces 6

Total parking spaces 7


Property listed by Royal LePage Real Estate Services Ltd., Brokerage, Brokerage
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Population and Demographics

Overview

Total population 16270
Average household income $88,351

Age (%)

0 to 19
25%
50 to 64
21%
20 to 34
20%
35 to 49
19%
65 and plus
16%

Household composition (%)

Single family
63%
Single person
31%
Multi person
5%
Multi family
1%

Mother tongue (%)

English
81%
Spanish
4%
Arabic
4%
Others
3%
Polish
2%
Portuguese
2%
Italian
1%

House tenancy (%)

Owners
62%
Renters
38%

Schools and amenities

Estimated Budget