894 ADELAIDE STREET NORTH
London and St. Thomas · N5Y2M5
$1,989,000
About this residence
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. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Other
- Bedrooms
- 11 (8 above, 3 below)
- Bathrooms
- 6
- Storeys
- 3
- Living area
- 3,000–3,500 sq ft
- Lot size
- 49.5 x 282.3 FT ; 98.14 X 282.32 X 49.99 X 49.53FT
- Frontage
- 49.6 feet
- Parking
- 8 spaces
- Annual tax
- $10,545
- MLS®
- X12501830
- Board
- London and St. Thomas
- Status
- Inactive
- Listed
- Nov 3, 2025
- Updated
- Nov 18, 2025
Features & finishes
Appliances
- Washer
- Refrigerator
- Dishwasher
- Dryer
- Stove
Heating
- Baseboard heaters
- Natural gas
Basement
- Full
- Finished
Exterior
- Brick
- Concrete
Foundation
- Block
Parking
- No Garage
Sewer & Utilities
- Sanitary sewer
- Electricity
- Sewer
Financing
Estimated monthly payment
$9,302/mo
Loan amount
$1,591,200
Down payment
$397,800
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
London and St. Thomas
Nearby
About the area
Census · N5Y- 35,934
- Population
- 36
- Median age
- $63,600
- Median income
- $452,000
- Median home value
- 45%
- Home ownership
- 25 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 894 ADELAIDE STREET NORTH?
894 ADELAIDE STREET NORTH is listed for $1,989,000, in London and St. Thomas.
How many bedrooms and bathrooms does 894 ADELAIDE STREET NORTH have?
It offers 11 bedrooms and 6 bathrooms.
What type of home is 894 ADELAIDE STREET NORTH?
894 ADELAIDE STREET NORTH is a Multi-family, Other set over 3 storeys.
How large is 894 ADELAIDE STREET NORTH?
The home offers approximately 3,000–3,500 sq ft of living space on a lot measuring 49.5 x 282.3 FT ; 98.14 X 282.32 X 49.99 X 49.53FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $9,302. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $10,545 per year.
Is there parking?
Yes — 894 ADELAIDE STREET NORTH includes 8 parking spaces.
What is the London and St. Thomas area like?
London and St. Thomas has a population of about 35,934, a median age of 36, a 45% home-ownership rate, with an average commute of about 25 minutes.
What is the average home value in London and St. Thomas?
The median dwelling value in this area is approximately $452,000, based on census data via Neighbourly.
What is the median household income in London and St. Thomas?
The median household income in this area is approximately $63,600.
Similar residences
Comparable Other near London and St. Thomas at a similar price.
Private viewings
Arrange a private viewing of 894 ADELAIDE STREET NORTH.
Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.