Listed by Sutton Group - Select Realty Inc., Brokerage.

894 Adelaide Street N is a Multiplex and is currently for Sale @ $2,795,000. Taxes in 2023 were $6,458.35.

More homes for sale under 2.8M in London

EXCELLENT APARTMENT BUILDING ON THE EDGE OF OLD NORTH. The home on 894 Adelaide Street N has 0 bedrooms, 6 bathrooms, and is located on .50-1.99 acres in the community of East C . 6 UNIT BUILDING CONSISTING OF 5 TWO BEDROOM APARTMENTS AND ONE, ONE BEDROOM. COMPLETELY RENOVATED TO DRYWALL AND FLOOR TO CEILING. LUXURY CONTEMPORARY KITCHENS WITH QUARTZ COUNTERTOPS, DISHWASHER AND STAINLESS APPLIANCES. LUXURY BATHROOMS WITH FULL BATHTUBS AND VANITIES WITH QUARTZ COUNTERTOPS. HIGH END LIGHT FIXTURES, TILE AND FLOORING THROUGHOUT SUITES AND COMMON AREAS. ELECTRIC FIREPLACES IN ALL UNITS. CONTROLLED ENTRY WITH VIDEO DOORBELLS PER SUITE. NEW ELECTRICAL, PLUMBING, AND HIGH EFFICIENCYBOILER SYSTEM. NEW HIGH EFFICIENCY WINDOWS THROUGHOUT. NEW SIDEWALKS AND ASPHALT PARKING LOT AND DRIVEWAY. ANNUAL INCOME OF APPROXIMATELY $130,160. SITE PLAN AND BUILDING PERMIT APPROVED FOR A NEW ADJACENT BUILDING FOR 9 TWO BEDROOM UNITS WITH INSUITE LAUNDRY AND JULIET BALCONIES. THE BUILDING WILL BE 3 FLOORS, WITH 3 UNITS PER FLOOR, RAISED 2 STOREY BUILDING WITH TOTAL SQ. FEET OF APPROX. 6,000. BUILD THE BUILDING AND HAVE APPROX. $11,000. IN INCOME COMING IN EACH MONTH WHILE YOU BUILD IT. FINAL PROJECTED COMPLETION VALUE OF $5,700,000. Seller will hold a first mortgage for $1,500,000 at 3.9% for one and a half years.

The address 894 Adelaide Street N was listed for sale (MLS# X8381114) on Tuesday, May 07, 2024.