894 Adelaide St N, LONDON

$1,100,000

0 Beds
0 Baths
0 Sqft
.51 Acres
0 Garages

Centrally located, fully rented purpose built brick apartment building within walking distance to shopping, transit, schools, and parks. The property features 6 suites with separately metered electricity, on-site parking, and potential to construct a further 9 suites. The site is 0.512 acres and zoned R6-5(54), h-89, and is site plan ready with zoning and minor variance completed for the development and construction of a second 9 suite building. Building layout, background documents, and proposed site plan available to buyer. Excellent opportunity with both cash flow and development potential. Existing building has been well maintained and is turnkey. Suite mix: one 1-bedroom unit and five 2-bedroom suites. Taxes and Assessment are based on property as is.

Essential Information
MLS® #201407
Price$1,100,000
Bathrooms0.00
Acres0.51
TypeMulti Family
Sub-TypeResidential
Style2.5 Storey
StatusActive
Community Information
Address894 Adelaide St N
AreaE
CityLONDON
CountyLondon
ProvinceON
Postal CodeN5Y 2M5
Amenities
FeaturesOther (see remarks)
Parking Spaces10
PoolNone
Interior
HeatingHot Water-Gas
BasementPartially Finished
# of Stories3
Exterior
ExteriorBrick
Lot Description0.5-0.99 Acres
RoofAsphalt
FoundationUnknown
Listing Details
Office

COLLIERS INTERNATIONAL LONDON ONTARIO, BROKERAGE

Property History
Price Reduced from $1,200,000 to $1,100,000
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