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Home ON Greater London Middlesex County London Carling
894 ADELAIDE STREET N
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894 ADELAIDE STREET N $1,989,000
$1,989,000
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894 ADELAIDE STREET N
London East (East C), Ontario N5Y2M5

MLS® Number: X12501830
8 + 3
Bedrooms
6
Bathrooms
3000 - 3500
Square Feet

Listing Description

FULLY RENOVATED 6- UNIT APARTMENT BUILDING + APPROVED DEVELOPMENT SITE. An exceptional investment opportunity in OLD NORTH. This fully renovated six-unit apartment building offers immediate cash flow and future development potential. Existing building features 5 x 2 bedroom + 1 x 1 bedroom. Completley renovated to drywall and floor to ceiling. Luxury contemporary kitchens with quartz countertops, and 3 stainless steel appliances per suite. Luxury baths with full tubs and vanities with quartz countertops. High end light fixtures, tile and flooring throughout suites and common areas. Electric fireplaces in all units. Security controlled entry with video doorbells. New electrical, plumbing, and high eff. boiler system. New eff. windows throughout. Exterior: new sidewalks and asphalt parking lot and driveway. Annual income of approximately $126,000. Turnkey investment - strong rental performance with minimal maintenance. Location benefits- prime location on the edge of Old North. Close to shopping, transit, parks, and school. High demand rental area with long term growth potential. Contact your Agent today to schedule a viewing or request full development plans. This is a rare opportunity to secure a high performing asset with built in expansion potential. (41561134)

Location Description

Cross Streets: Grosvenor and Cheapside. ** Directions: Between Grosvenor and Cheapside.

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
3
Square Footage
3000 - 3500 sqft
Community Name
East C
Land Size
49.5 x 282.3 FT ; 98.14 X 282.32 X 49.99 X 49.53FT|1/2 - 1.99 acres
Age Of Building
51 to 99 years
Annual Property Taxes
$10,544.52
Parking Type
No Garage
Time on REALTOR.ca
42 days

Building

Bedrooms
Above Grade
8
Below Grade
3
Bathrooms
Total
6
Interior Features
Appliances Included
Dishwasher, Dryer, Stove, Washer, Refrigerator
Basement Type
Full (Finished)
Building Features
Foundation Type
Block
Heating & Cooling
Cooling
None
Heating Type
Baseboard heaters (Natural gas)
Utilities
Utility Type
Electricity (Installed), Sewer (Installed)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Concrete
Neighbourhood Features
Amenities Nearby
Hospital
Parking
Parking Type
No Garage
Total Parking Spaces
8

Measurements

Square Footage
3000 - 3500 sqft

Land

Lot Features
Frontage
49 ft ,6 in
Land Depth
282 ft ,3 in
Other Property Information
Zoning Description
R2-2
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