Select a page
Questions? 519-878-5566


LOADING

894 Adelaide Street N London, Ontario N5Y 2M5

11 Bedroom 6 Bathroom 4832 sqft
None Other

$2,795,000

EXCELLENT APARTMENT BUILDING ON THE EDGE OF OLD NORTH. 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. (id:20872)

Property Details

MLS® Number 40584621
Property Type Multi-family
Amenities Near By Hospital, Park, Playground, Public Transit, Shopping
Community Features School Bus
Features Paved Driveway, Laundry- Coin Operated
Parking Space Total 11

Building

Bathroom Total 6
Bedrooms Total 11
Basement Development Partially Finished
Basement Type Full (partially Finished)
Constructed Date 1963
Cooling Type None
Exterior Finish Brick
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Other
Stories Total 2
Size Interior 4832 Sqft
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Hospital, Park, Playground, Public Transit, Shopping
Sewer Municipal Sewage System
Size Frontage 50 Ft
Size Total Text 1/2 - 1.99 Acres
Zoning Description R2-2

https://www.realtor.ca/real-estate/26858619/894-adelaide-street-n-london

Interested?

Contact us for more information


Generating Captcha

Your Favourites

 

No Favourites Found