894 ADELAIDE Street N, London ON

$ 1,100,000.00

MLS# 201407

0.5120 acres • Multi-Family

Centrally located, fully rented purpose built brick apartment building within walking distance to shopping, transit, schools, and parks. The property features 6 suites with separately metered electricity, on-site parking, and potential to construct a further 9 suites. The site is 0.512 acres and zoned R6-5(54), h-89, and is site plan ready with zoning and minor variance completed for the development and construction of a second 9 suite building. Building layout, background documents, and proposed site plan available to buyer. Excellent opportunity with both cash flow and development potential. Existing building has been well maintained and is turnkey. Suite mix: one 1-bedroom unit and five 2-bedroom suites. Taxes and Assessment are based on property as is.

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BROKERED BY: COLLIERS INTERNATIONAL LONDON ONTARIO, BROKERAGE


Facts & Features

Type
5-8 Units, Residential
Year Built
1963
Water
Municipal-Metered
Heating
Hot Water-Gas
Cooling
Other (See Remarks)
Lot Size
0.5-0.99 Acres
Parking
Unknown
Days on LetsLook
37

Property Details

  • Area: City of London East
  • Assessed Value: $438,000.00
  • Age: 1963
  • Fronting: East
  • Taxes: $6,780.00 in 2019
  • Basement: No

Exterior

  • Finish: Brick
  • Foundation: Unknown
  • Garage: No

Services

  • Electricity
  • Garbage/Sanitary Collection
  • Internet High-Speed
  • Natural Gas
  • Public Transit
  • Recycling Pickup
  • Street Lights
  • Telephone

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Loan Amount
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Interest Rate

894 ADELAIDE Street N, London ON N5Y 2M5



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