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$629,900
London South
18.5 Adelaide Street South, London South (South I), Ontario, N5Z3J8
This multi-family property in London South is for sale offering roughly 1,750 sq ft of space.
Triplex with ONE VACANT RENOVATED UNIT! 18.5 Adelaide Street South presents an exceptional opportunity for first time investors, house hackers, or those looking to expand their real estate portfolio. Ideally located just minutes from Victoria Hospital, Downtown London, and Highway 401, and close to 100 Kellogg Lane, the Western Fair District, as well as a wide variety of restaurants, shopping, and everyday amenities, this property offers both convenience and strong rental appeal. Unit 1 is a spacious three bedroom, one and a half bathroom unit currently rented at $2100.00 plus electricity. Unit 2 is a one bedroom, one bathroom, all inclusive unit and currently vacant. Unit 3 is is a spacious, two storey, three bedroom, one and a half bathroom unit currently rented at $1950.00 plus electricity. All units include in-suite laundry and parking. Whether you choose to live in one unit and rent out the other two, or lease all three units for steady rental income, this triplex offers versatility, reliability, and lasting value for any investor. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 45 days on market, against an average age of 34 days across the listings currently for sale in this city
This 7-bed multi-family in London South (South I) 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 $629,900, about 9.8× the local median household income of $64,500.
Carrying it typically needs a household income of about $123,042 (20% down, 25-yr amortization, stress-tested) — roughly 91% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5Z)
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Loading rates, 30-yr amortization
Cash Needed to Close
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