592 Adelaide St N

  • Price:$ 699,900
  • Taxes:$ 6,671.25/yr
  • Year Built: 1930
  • Square Footage: 3,800 ft2

Investment and/or Owner Occupy Opportunity. This desirable 3800 square foot building on good lot with rear parking, 6 vehicle mutual drive, located on busy, high visibility Adelaide Street N. The building is in great shape, well-maintained, freshly painted, and is presently fully occupied by four residential Tenants and one retail Tenant, and achieves a gross operating income of $67,860 per year. Great opportunity for an owner-occupier or investor to choose two of their own residential tenants. Apt 1 and Apt 4 leases expire June 30th, 2022 and will be month-to-month unless notice is given. Apt 2 and Apt 3 have received notice of rent increase beginning Sept 1st. Attractive main floor 600′ sq ft retail space with street frontage leased $1500 per month. Retail includes storage space in basement. Coin laundry from residential tenants produces $1,500 yearly. Current Rental license 2022. Present rent: Apt 2 $1,030 Apt 3 $684 Sep. 1st: Apt 1 $1,305 Apt 4 $1,010. Great Opportunity for Owner Occupied with Income.

All information is deemed reliable but is not guaranteed accurate by LSTAR. (ie. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the London and St. Thomas Association of REALTORS®. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.) The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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