$ 1,989,000
-
$1,989,000
Price -
11
Bed -
6
Bath -
3,000
SqFt
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About the Listing 798000 -
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 $130,000. 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.
Listing Highlights for 894 Adelaide St N
Status
Active
Days on Site
1
Property Type
Multi-Family
MLS ®
X12501830
Year Built
Total Square Footage
3,000
Lot/Acreage
N/A
Interior Details
- Bedrooms: 11
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Finished
- Other:
- Water:
Exterior Details
- Lot Description: Irregular Lot
- Garage Capacity: N/A
- Roof: Asphalt Shingle
- Others:
- Sewer: Sewer
- Parking Features: Private
Financial Details
- Tax Amount: $10,545
- Taxes w/Assessments: N/A
- Tax/Property ID: 082270138
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
894 Adelaide St N London East, ON N5Y 2M5
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