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34 Adelaide Street S — Multiplex

Sold

London South, ON N5Z 3K2

4 Bed · 6 Bath · Multiplex

MLS #X10440638

$550,000

Sold on February 18, 2025

February 18, 2025

Originally listed at $579,000 25 days on market

About This Property

This investment property is located in the heart of London, offering a mix of six well-maintained apartments: four one-bedroom units and two studios. Four of the units are currently occupied by long-term tenants, providing immediate rental income, while two recently renovated units remain vacant, offering potential for higher returns ($20K spent on renovation). The property boasts an estimated net income of approximately $31,000 per year. Its central location offers excellent connectivity to public transit, with easy access to all local amenities, ensuring strong demand for both current and future tenants.

Property Details

Bedrooms

4

Bathrooms

6

Square Feet

1500-2000 sqft

Property Type

Multiplex

Style2-Storey
Approx. Age100+ years
Lot Size40 125 ft
Frontage40.0 ft
Depth125.0 ft
GarageDetached
BasementFull, Finished
HeatingRadiant
Parking Spaces7
Listed OnNov 20, 2024
MLS Size1500-2000
Property Tax$2,659/year

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Price History

Original List Price

$579,000

Listed on Nov 20, 2024

Sold Price

$550,000

Sold on Feb 18, 2025

-$29,000

-5.0%

25 days on market

Price History Available

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Recently Sold Nearby

OQ

Your Agent

OVAIS QASSIM

Broker of Record

PREMIER MATRIX REALTY LTD. BROKERAGE

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Home Features

Property TypeMultiplex
Style2-Storey
Approx. Age100+ years
Lot Size40 × 125 ft
Frontage40.0 ft
Depth125.0 ft
GarageDetached
BasementFull, Finished

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About 34 Adelaide Street S, London South, ON N5Z 3K2

34 Adelaide Street S, London South, ON N5Z 3K2 is a 4-bedroom, 6-bathroom 2-storey multiplex with approximately 1500-2000 square feet of living space, situated on a 40 125 foot lot. This property is currently sold (sold for $550,000). The home features a detached garage and a full, finished basement, built approximately 100+ years ago.

South I Neighbourhood

This home is located in South I, part of London South in the Middlesex area. Explore more homes for sale and recently sold properties in this neighbourhood.

Whether you are looking to buy, sell, or lease in South I, our team of experienced real estate professionals can help you navigate the market and find the perfect home. Contact us today for a free consultation.

34 Adelaide Street S, London South, ON N5Z 3K2

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