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34 Adelaide Street S London, ON N5Z 3K2
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Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 1,956 sqft
Price per Sqft $281
MLS Listing ID 40661608
Sold Date 12/16/24
Bedrooms 4
Abv Grd Liv Area 1,956
Originating Board Oakville
Annual Tax Amount $2,658
Property 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.
Location
Province ON
County Middlesex
Area South
Zoning R2-2
Direction Adelaide St. S / North of Thompson Rd.
Rooms
Basement Walk-Up Access, Full, Finished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Radiator
Cooling None
Fireplace No
Appliance Refrigerator, Stove, Washer
Laundry Other
Exterior
Parking Features Detached Garage, Asphalt, Gravel
Garage Spaces 1.0
Roof Type Asphalt Shing
Lot Frontage 40.0
Lot Depth 125.0
Garage Yes
Building
Lot Description Park, Public Transit, Rec./Community Centre, Schools, Shopping Nearby, Trails
Faces Adelaide St. S / North of Thompson Rd.
Story 2
Foundation Other
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Aluminum Siding,Stucco
New Construction No
Others
Senior Community false
Tax ID 083560054
Ownership Freehold/None
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