For sale

$639,000

Est. $2,677/mo

•

2 ba

•

View

sq ft

552 Adelaide St N, London, ON N6B 3J5

About this home

Great investment property close to downtown with short bus rides to both of Fanshawe College and Western University. Fully tenanted property with total rental income of $3600 per month (upper leased until Nov 2026 - $1450, and main is month to month - $2150) with tenants paying all utilities. Tenants are planning on staying. Fully funded this property has a capitalization rate about 5.5% meaning right from the start it is cash flow positive. Building was cleaned up and renovated in 2023 so very little can be expected in terms of maintenance fees for the next few years. Rents are slightly below market value meaning this building will perform more strongly and be an even better addition to your portfolio as time progresses. This yellow brick home sits on the edge of Woodfield and Old East Village. The main floor has 2 large bedrooms plus a basement with additional room. The upper has 1 bedroom plus den, both with in suite laundry. Property is being sold fully furnished excluding tenants belongings. Parking is at the rear of the building and access is off of Princess.

Multi-familyProperty Type

3,840 sq ftLot Size

4 spacesParking

Listing updated: Mar 26, 2026 at 04:45pm

Redfin checked: a minute ago

•Source:TREB #X12890858

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Nearby open houses (10)

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131 Bond St, London, ON N6C 1W6
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190 Vancouver St, London, ON N5W 4R7
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Around this home

Schools
Places
Transit

0.6km

Lord Roberts Public School

Public, K-8 • Assigned

0.6km

H B Beal Secondary School

Public, 9-12 • Assigned

Provided by Local Logic

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Has fireplace with an insert
Partially finished basement

Heating & cooling
Central air
Window unit(s)
Fireplace insert heating
Electric heating
Baseboard heating

Sale and tax history for 552 Adelaide St N

Sale History
Tax History

Date

Event

Price

TREB #X12890858

Mar 12, 2026

Listed

$639,000

TREB #X12563014

Mar 3, 2026

Delisted

—

Nov 17, 2025

Listed

$645,500

+28

Great investment property close to downtown with short bus rides to both of Fanshawe College and Western University. Fully tenanted property with total rental income of $3645 per month (upper leased until Nov 2026 - $1495, and main is month to month - $2150) with tenants paying all utilities. Tenants are planning on staying. Fully funded this property has a capitalization rate about 5.5% meaning right from the start it is cash flow positive. Building was cleaned up and renovated in 2023 so very little can be expected in terms of maintenance fees for the next few years. Rents are slightly below market value meaning this building will perform more strongly and be an even better addition to your portfolio as time progresses. This yellow brick home sits on the edge of Woodfield and Old East Village. The main floor has 2 large bedrooms plus a basement with additional room. The upper has 1 bedroom plus den, both with in suite laundry. Property is being sold fully furnished excluding tenants belongings. Parking is at the rear of the building and access is off of Princess.

TREB #X12266365

Jul 6, 2025

Listed

$645,500

TREB #X11932633

Jul 1, 2025

Delisted

—

Jan 20, 2025

Listed

$645,000

TREB #X8482592

Jun 27, 2024

Listed

$645,000

TREB #X8257648

Apr 22, 2024

Listed

$699,999

TREB #X7813052

Apr 5, 2023

Listed

$599,999

TREB #X7463340

Feb 6, 2023

Listed

$599,999

TREB #X7463064

Jan 10, 2023

Listed

$599,999

Public record

Beds

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Lot width

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Lot size

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Year renovated

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Finished Sq. Ft.

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Unfinished Sq. Ft.

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Total Sq. Ft.

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Year built

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Style

Single Family Residential

Region

Middlesex County

Parking Spaces

—

Basement

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Accessible

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Maintenance Fees

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Garage

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Features

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Last updated by owner on Aug 9, 2023.

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About this home

See this home in person

Nearby open houses (10)

Around this home

Lifestyle

Property details

Sale and tax history for 552 Adelaide St N

Public record

Nearby similar homes

More real estate resources