$2,475,000

894 ADELAIDE St N

East C, London, Ontario, N5Y 2M5

| | | sq.ft. | Year Built: 51-99 |
Estimate Mortgage Payments

Properties with this icon are courtesy of TRREB.

WITH $750,000 DOWN THE SELLER WILL HOLD A FIRST MORTGAGE FOR THE BALANCE OF THE PURCHASE PRICE AT 3.9% INTEREST ONLY. Excellent apartment building on the edge of old north. 6-unit building consisting of 5-2-bedroom apartments and a one bedroom. Completley renovated to drywall, floor, and ceiling. Luxury contemporary kitchens with quartz countertops, and 3 stainless steel appliances. 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. Controlled entry with video doorbells. New electrical, plumbing, and high efficiency boiler system. New high Efficiency windows throughout. New sidewalks and asphalt parking lot and driveway. Annual income of approx. $130,160. ATTENTION BUILDERS. site plan and building permit approved for a new adjacent apartment building that you can build consisting of 9 two-bedroom units with in suite laundry and Juliet balconies. The building will be 3 floors, with 3 units per floor, raised 2 storey building with total sq. Ft of approx. 6000. Build the building and have approx. $11,000 in income coming in each month while you build it. RENTS ARE ALL PLUS HYDRO ON EXISTING BUILDING. FINAL PROJECTED COMPLETION VALUE OF $5,502,560. Acquisition cost ($2,475,000). Plus, construction cost ($1,500,000) $3,975,000 NET PROFIT ($1,527,560.)

Property Info
MLS®: X9041490
Listing Courtesy of SUTTON GROUP - SELECT REALTY
Total Bedrooms 8
Total Bathrooms 6
Basement Full
Floor Space 0 sq.ft.
Lot Size 6522 sq.ft.
Style 3-Storey
Last Updated 2024-07-16
Property Type Multiplex
Listed Price $2,475,000
Unit Pricing $2,475,000/sq.ft.
Strata Fee $
Tax Estimate $6,458/Year
Year Built 51-99
Interior Features
Rooms
More Details
Sold History
MAP & Nearby Facilities (The data is not provided by TRREB)
Map
Nearby Facilities
Public Transit ({{ nearByFacilities.transits? nearByFacilities.transits.length:0 }})
SuperMarket ({{ nearByFacilities.supermarkets? nearByFacilities.supermarkets.length:0 }})
Hospital ({{ nearByFacilities.hospitals? nearByFacilities.hospitals.length:0 }})
Other ({{ nearByFacilities.pois? nearByFacilities.pois.length:0 }})
Mortgage Calculator (The data is not provided by TRREB)
$
$
$
%
%
Estimated Payments

$

Weekly Bi Weekly Semi Monthly Monthly
School Catchments
School Name Type Grades Catchment Distance
{{ item.school_type }} {{ item.school_grades }} {{ item.is_catchment? 'In Catchment': '' }} {{ item.distance }}
Book an Appointment
500 word remaining