552 ADELAIDE STREET NORTH
London and St. Thomas · N6B3J5
$645,500
About this residence
Great investment property close to downtown with short bus rides to both of Fanshawe College and Western University. Fully tenanted property with total rental income of $3645 per month (upper leased until Nov 2026 - $1495, and main is month to month - $2150) with tenants paying all utilities. Tenants are planning on staying. Fully funded this property has a capitalization rate about 5.5% meaning right from the start it is cash flow positive. Building was cleaned up and renovated in 2023 so very little can be expected in terms of maintenance fees for the next few years. Rents are slightly below market value meaning this building will perform more strongly and be an even better addition to your portfolio as time progresses. This yellow brick home sits on the edge of Woodfield and Old East Village. The main floor has 2 large bedrooms plus a basement with additional room. The upper has 1 bedroom plus den, both with in suite laundry. Property is being sold fully furnished excluding tenants belongings. Parking is at the rear of the building and access is off of Princess. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Duplex
- Bedrooms
- 4 (4 above)
- Bathrooms
- 2
- Storeys
- 2
- Living area
- 1,500–2,000 sq ft
- Lot size
- 32 x 120 FT
- Frontage
- 32 feet
- Parking
- 4 spaces
- Fireplace
- 1
- Annual tax
- $2,674
- MLS®
- X12563014
- Board
- London and St. Thomas
- Status
- Inactive
- Listed
- Nov 20, 2025
- Updated
- Nov 20, 2025
Features & finishes
Heating
- Forced air
- Baseboard heaters
- Electric
- Natural gas
Cooling
- Central air conditioning
- Window air conditioner
Basement
- Partially finished
Exterior
- Brick
Foundation
- Block
Parking
- No Garage
Sewer & Utilities
- Sanitary sewer
Financing
Estimated monthly payment
$3,019/mo
Loan amount
$516,400
Down payment
$129,100
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
London and St. Thomas
Nearby
About the area
Census · N6B- 11,101
- Population
- 38
- Median age
- $49,200
- Median income
- $360,000
- Median home value
- 23%
- Home ownership
- 23 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 552 ADELAIDE STREET NORTH?
552 ADELAIDE STREET NORTH is listed for $645,500, in London and St. Thomas.
How many bedrooms and bathrooms does 552 ADELAIDE STREET NORTH have?
It offers 4 bedrooms and 2 bathrooms.
What type of home is 552 ADELAIDE STREET NORTH?
552 ADELAIDE STREET NORTH is a Multi-family, Duplex set over 2 storeys.
How large is 552 ADELAIDE STREET NORTH?
The home offers approximately 1,500–2,000 sq ft of living space on a lot measuring 32 x 120 FT.
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 $3,019. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $2,674 per year.
Is there parking?
Yes — 552 ADELAIDE STREET NORTH includes 4 parking spaces.
What is the London and St. Thomas area like?
London and St. Thomas has a population of about 11,101, a median age of 38, a 23% home-ownership rate, with an average commute of about 23 minutes.
What is the average home value in London and St. Thomas?
The median dwelling value in this area is approximately $360,000, 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 $49,200.
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