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$419,900
London East
144 Adelaide Street, London East (East L), Ontario, N6B3G8
This multi-family property in London East is for sale.
Welcome to 144 Adelaide St, London, a versatile duplex offering strong investment potential with both residential and possible business use. Registered with the city as a duplex, this property is ideally located close to downtown, major amenities, transit, and key attractions, making it attractive for tenants and long term growth. The home features two self contained units, both currently rented, generating a combined monthly income of $2,600 and providing immediate cash flow, with the property offering positive cash flow after expenses. The property has seen numerous updates over recent years as per previous ownership, including improvements to major systems, exterior finishes, and interior spaces, contributing to its overall functionality and appeal. Whether you are looking to expand your investment portfolio, secure a property that carries itself, or explore a mixed use opportunity, 144 Adelaide St presents excellent value in a high demand location. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 187 days on market, against an average age of 71 days across the listings currently for sale in this city
This 3-bed multi-family in London East (East L) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $419,900, about 8.5× the local median household income of $49,200.
Carrying it typically needs a household income of about $82,021 (20% down, 25-yr amortization, stress-tested) — roughly 67% above the area median.
Source: Statistics Canada, 2021 Census (FSA N6B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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