552 Adelaide Street
London East, ON
4 bed • 2 bath • approx. 1500-2000 sqft • Duplex • 168 days on market
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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Listing Details
- Taxes (2025)
- $2,849
- Listed
- March 12, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle, Metal
- Foundation
- Block
- Interior
- Primary Bedroom - Main Floor
- Lot Size
- 32 x 120 Feet
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Princess
- Parcel Number
- 082800181
- Possession
- Immediate
Commercial
- Occupancy
- Tenant
Schools
Elementary
- Woodfield French Immersion Public School0.5 km
Public · Thames Valley DSB · 270 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 52% met the provincial standard
- St Mary School0.7 km
Catholic · London District Catholic School Board · 230 students
Grade 6 math: 85% met the provincial standard
- St Georges Public School1.3 km
Public · Thames Valley DSB · 275 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 81% met the provincial standard
Secondary
- H B Beal Secondary School0.7 km
Public · Thames Valley DSB · 1525 students
Grade 10 literacy: 79% met the provincial standard
- Catholic Central High School0.8 km
Catholic · London District Catholic School Board · 1310 students
Grade 10 literacy: 89% met the provincial standard
- London Central Secondary School1 km
Public · Thames Valley DSB · 955 students
Grade 10 literacy: 91% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N6B
- Population
- 11,101
- Private dwellings
- 7,181
- Median age
- 38
- Average household size
- 1.6
- Median household income
- $49,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in London East · last 12 months
- Median sold price
- $461,500
- Homes sold
- 1,313
- Median days on market
- 24
- Sale-to-list price
- 97.0%
Based on 1,313 recorded sales of residential freehold properties in London East over the last 12 months.
Listed by
SUTTON GROUP - SELECT REALTY
Location
Mortgage Calculator
$127,800
Estimated Monthly Payment
$3,139
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,139/mo (20% down, 5.5%)
Taxes: $237/mo · Insurance: $160/mo
Estimates only. Consult a financial advisor.
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