We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
894 ADELAIDE STREET N, LONDON
2024-07-16
Quick Summary
- Location
- 894 ADELAIDE STREET N, LONDON, Ontario N5Y2M5
- Price
- $2,475,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Bedrooms:
- 8 bed +3
- Bathrooms:
- 6
MLS®#X9041490
Property Description
WITH $750,000 DOWN THE SELLER WILL HOLD A FIRST MORTGAGE FOR THE BALANCE OF THE PURCHASE PRICE AT 3.9% INTEREST ONLY. Excellent apartment building on the edge of old north. 6-unit building consisting of 5-2-bedroom apartments and a one bedroom. Completley renovated to drywall, floor, and ceiling. Luxury contemporary kitchens with quartz countertops, and 3 stainless steel appliances. Luxury baths with full tubs and vanities with quartz countertops. High end light fixtures, tile and flooring throughout suites and common areas. Electric fireplaces in all units. Controlled entry with video doorbells. New electrical, plumbing, and high efficiency boiler system. New high Efficiency windows throughout. New sidewalks and asphalt parking lot and driveway. Annual income of approx. $130,160. ATTENTION BUILDERS. site plan and building permit approved for a new adjacent apartment building that you can build consisting of 9 two-bedroom units with in suite laundry and Juliet balconies. The building will be 3 floors, with 3 units per floor, raised 2 storey building with total sq. Ft of approx. 6000. Build the building and have approx. $11,000 in income coming in each month while you build it. RENTS ARE ALL PLUS HYDRO ON EXISTING BUILDING. FINAL PROJECTED COMPLETION VALUE OF $5,502,560. Acquisition cost ($2,475,000). Plus, construction cost ($1,500,000) $3,975,000 NET PROFIT ($1,527,560.) **** EXTRAS **** Income and expenses information available in documents tab (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Hospital
Building
- Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer
- Basement Development: Finished
- Basement Type: Full (Finished)
- Exterior Finish: Brick, Concrete
- Fireplace: No
- Building Type: Other
- Stories: 3
- Utility Water: Municipal water
Land
- Land Size: 49.53 x 131.68 FT ; 98.14 X 282.32 X 49.99 X 49.53FT|1/2 - 1.99 acres
- Sewer: Sanitary sewer
Zoning
- Description: R2-2
Information entered by SUTTON GROUP - SELECT REALTY
Listing information last updated on: 2024-10-09 16:27:37
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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