$649,000

18.5 Adelaide Street South, London South (South I), Ontario, N5Z3J8

For sale

43 days ago

$630K

18.5 Adelaide Street South, London South (South I), Ontario, N5Z3J8

7 bd5 ba4 pk1,750 ft²Lot size 30 × 125 ft (3,750 sq ft)

Listed by ROYAL LEPAGE TRILAND REALTY

221 Emerson Avenue South, London South (South I), Ontario, N5V3L5

For sale

72 days ago

$740K

221 Emerson Avenue South, London South (South I), Ontario, N5V3L5

5 bd3 ba4 pk1,300 ft²Lot size 42 × 158 ft (6,669 sq ft)

Listed by HOMELIFE SILVERCITY REALTY INC.

Investment analysis

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$649,000

London South

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Overview

This multi-family property in London South is for sale offering roughly 1,750 sq ft of space. It has been on the market 18 days, fresher than the London South average of 38 days.

Multi-Family Properties for Sale in London South →All real estate in London South →

Description

Exceptional 5-Unit Investment Opportunity! Discover the potential of this income-producing property, ideal for investors seeking reliable rental income with room to maximize returns. Featuring five separate hydro meters and ample on-site parking through back road access. Property offers practical amenities for tenants and convenient management for owners. Its desirable location near Victoria Hospital, schools, shopping, public transit, and major roadways makes it an attractive option for a wide range of renters. Whether you're expanding your investment portfolio or looking for a value-add opportunity, this multi-unit property offers an appealing combination of existing income, rental potential, and long-term appreciation prospects. Take advantage of this opportunity to invest in London's rental market! (id:66096)

Property Details

MLS®: X14090326
Property Type: Multi-family
Zoning: CC
Bedrooms: 6
Beds (above / below): 4 above · 2 below
Bathrooms: 5
Parking: 6
Interior Size: 1,750 ft²
Lot Size: 30 × 125 ft (3,750 sq ft)
Frontage: 30 ft
Storeys: 2
Basement: Apartment in basement, Walk-up, N/A, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $3,923/yr
Listed: 18 days ago

Area context

Neighbourhood profile (N5Z)

This home lists at $649,000, about 10.1× the local median household income of $64,500.

Carrying it typically needs a household income of about $126,772 (20% down, 25-yr amortization, stress-tested) — roughly 97% above the area median.

Median household income: $64,500
Population: 24,067
Median age: 40
Owner / renter: 62% / 38%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N5Z)

$649,000· $371/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,900

Min 6.15%50%

Mortgage payment$3,377/mo

↳ CMHC premium ($24,364 capitalized)

Property tax (est.)$327/mo

Total monthly$3,704

Cash Needed to Close

Down payment (6.15%)$39,900

Land transfer tax$9,455

Est. closing costs$4,447

Total cash needed$53,802

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Rental cashflow calculator

20 Adelaide Street South, London South (South I) - Multi-family for Sale

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