552 Adelaide Street · London, N6B 3J5
MLS® X12890858
Listed Mar 12, 2026
Listing courtesy of Sutton Group - Select Realty·Listing last changed Mar 17
Key facts
- Property type
- Duplex
- Square footage
- 1,500-2,000 sqft
- Lot size
- 32 × 120 ft
- Parking
- 4 spaces
- Property tax
- $2,849/yr (2025)
Description
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.
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Property details
Interior
- Size
- 1,500-2,000 sqft
- Rooms
- 9 rooms · 2 kitchens
- Bathrooms
- 1 × 4-piece on Main, 1 × 4-piece on Second
- Basement
- Partially Finished
- Heating
- Baseboard
- Cooling
- Central Air, Window Unit(s)
Building & lot
- Type
- Duplex, 2-Storey
- Lot size
- 32 × 120 ft
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle, Metal
- Water & sewer
- Sewer
Parking
- Parking
- 4 spaces
Fees & taxes
- Property tax
- $2,849/yr (2025)
Estimated value range
$607K to $671K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Schools nearbyclosest is Woodfield French Immersion Public School, 550 m
Elementary
- 7.8
Woodfield French Immersion Public School
550 m · Grades JK-8
Thames Valley District School Board
- 9.3
St Mary School
730 m · Grades 5-8
London District Catholic School Board
- 8.0
St Georges Public School
1.3 km · Grades JK-8
Thames Valley District School Board
Secondary
- 5.3
H B Beal Secondary School
690 m · Grades 9-12
Thames Valley District School Board
- 5.7
Catholic Central High School
830 m · Grades 9-12
London District Catholic School Board
- 8.0
London Central Secondary School
1.0 km · Grades 9-12
Thames Valley District School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $3,614/mo all in
Monthly payment estimate
Land transfer tax$9,255 on closing
Ontario LTT
$9,255
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed 2 times · asking price up 7% from the first ask
Listed Mar 12, 2026
Listed Apr 5, 2023 · 42 days on market
May 17, 2023
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
42 days on the market in total across 2 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.
Sold comparables nearby
Sold937 Colborne Street, London East
Sold1 & 2 - 737 William Street, London East
See what these 6 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBuyer’s market in London
6.1 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 94.5% of asking.
Avg. sold price
$504,500
Sale-to-list ratio
94.5%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $150,000 household income
Minimum household income required
$150,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Call Colin at (226) 212-5099 or text
Rental market$2,500/mo median for 4 bed nearby
$2,500/month is the median rent for 4-bedroom homes leased within 3km over the past 12 months, across 8 leases.
What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.
Get notified about similar homes
New duplex listings in Old East Village.
Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
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