$2,475,000
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894 ADELAIDE STREET N, London, ON N5Y2M5

11 Beds
6 Baths
0 Sq Ft

WITH $750, 000 DOWN THE SELLER WILL HOLD A FIRST MORTGAGE FOR THE BALANCE OF THE PURCHASE PRICE AT 3.9% INTEREST ONLY. Excellent apartment building on the edge of old north. 6-unit building consisting of 5-2-bedroom apartments and a one bedroom. Completley renovated to drywall, floor, and ceiling. Luxury contemporary kitchens with quartz countertops, and 3 stainless steel appliances. 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. Controlled entry with video doorbells. New electrical, plumbing, and high efficiency boiler system. New high Efficiency windows throughout. New sidewalks and asphalt parking lot and driveway. Annual income of approx. $130, 160. ATTENTION BUILDERS. site plan and building permit approved for a new adjacent apartment building that you can build consisting of 9 two-bedroom units with in suite laundry and Juliet balconies. The building will be 3 floors, with 3 units per floor, raised 2 storey building with total sq. Ft of approx. 6000. Build the building and have approx. $11, 000 in income coming in each month while you build it. RENTS ARE ALL PLUS HYDRO ON EXISTING BUILDING. FINAL PROJECTED COMPLETION VALUE OF $5, 502, 560. Acquisition cost ($2, 475, 000). Plus, construction cost ($1, 500, 000) $3, 975, 000 NET PROFIT ($1, 527, 560.) EXTRAS Income and expenses information available in documents tab (id:55598)

  • MLS® X9041490
  • Date Listed07/15/2024
  • Days on Realty 59 Days
  • Bedrooms 11
  • Bathrooms 6 baths
  • Lot Size -
  • Sewer Other
  • Subdivision East C
  • Property Type Other
  • Water Public

Interior Features

  • Appliances Dishwasher, Dryer, Refrigerator, Stove, Washer
  • Heating Baseboard Heaters, Natural Gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Nearby Schools

Source: School Digger

Sales & Tax History

Source: Public Records

Walkability in ON / N5Y2M5

Source: Walkscore

78/100

Very Walkable

Walk Score ®

61/100

Good Transit

Transit Score ®

67/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

Transit Summary

16 nearby routes: 16 bus, 0 rail, 0 other


Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 53/100, Transit Score: 47/100, Bike Score: 59/100.

Points of interest near 894 ADELAIDE STREET N, London, ON N5Y2M5

Frequently Asked Questions for 894 ADELAIDE STREET N

Source: Realty.com

894 ADELAIDE STREET N, London, ON N5Y2M5 is a Other, Residential Income property listed for $2,475,000 The property is 0 sq. ft with 11 bedrooms and 6 bathrooms

Realty.com has 23 photos of 894 ADELAIDE STREET N.

The full address for this home is 894 ADELAIDE STREET N, London, ON N5Y2M5.

894 ADELAIDE STREET N has been listed on Realty.com since Mon July 15, 2024

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 53/100, Transit Score: 47/100, Bike Score: 59/100.

Listing provided courtesy of: SUTTON GROUP - SELECT REALTY (tel: (519) 433-4331)
Listing agent: EDWARD MILANI (tel: (519) 433-4331)

This content last refreshed on 2024-09-12 05:02:41. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 894 ADELAIDE STREET N, London, ON N5Y2M5 : MLS® X9041490