Listed by Royal Lepage Real Estate Services Ltd..

34 Adelaide Street S is a Multiplex, 2-Storey and is currently for Sale @ $579,000. Taxes in 2024 were $2,658.58.

More homes for sale under 600k in London

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. The 2-Storey on 34 Adelaide Street S has 4 bedrooms, 6 bathrooms, and is located on a 125.00 x 40.00 ft lot in the community of South I . 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. 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.

Monthly rent income: #1(1bdrm/2nd floor) =$666; #2 (1bdrm/ground) =$692; #3 (studio/ground) =$615; #4 vacant (1 bdrm/basement) potential income $1200; #5 vacant (1bdrm/ground floor) potential income $1500; #6 (studio/2nd floor) =$617

The address 34 Adelaide Street S was listed for sale (MLS# X10440638) on Thursday, November 21, 2024.