For Sale

894 ADELAIDE Street, London East, Ontario N5Y 2M5

$1,989,000

894 ADELAIDE Street, London East, Ontario N5Y 2M5 is For Sale and has a listing price of 1,989,000. The property is located in the London East . It's been on the website for 50 Days.

  • Multiplex
    Property Type
  • 11
    Bedrooms
  • 6
    Bathrooms
  • Other
    Parking
  • MLS ID: X12501830
  • Office Name SUTTON GROUP - SELECT REALTY
Property Description

FULLY RENOVATED 6- UNIT APARTMENT BUILDING + APPROVED DEVELOPMENT SITE. An exceptional investment opportunity in OLD NORTH. This fully renovated six-unit apartment building offers immediate cash flow and future development potential. Existing building features 5 x 2 bedroom + 1 x 1 bedroom. Completley renovated to drywall and floor to ceiling. Luxury contemporary kitchens with quartz countertops, and 3 stainless steel appliances per suite. 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. Security controlled entry with video doorbells. New electrical, plumbing, and high eff. boiler system. New eff. windows throughout. Exterior: new sidewalks and asphalt parking lot and driveway. Annual income of approximately $126,000. Turnkey investment – strong rental performance with minimal maintenance. Location benefits- prime location on the edge of Old North. Close to shopping, transit, parks, and school. High demand rental area with long term growth potential. Contact your Agent today to schedule a viewing or request full development plans. This is a rare opportunity to secure a high performing asset with built in expansion potential.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: X12501830
  • Price: $1,989,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 282.32
  • Ref ID: X12501830
  • Approx Sqft: 3000-3500
  • Dir / Cross St: Grosvenor and Cheapside
  • Status: Active
  • Tax Year: 2025
  • Approx Age: 51-99
  • Property Type: Multiplex
  • Property Sub Category: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
11/03/2025 X12501830 $1,989,000 For Sale - -
03/13/2025 X12017552 $2,295,000 For Sale -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
London East
  • $663,231 Average List Price
    based on 1 year
  • 389 New Listings
    based on 30 days
  • 66 Median Days on Market
    based on 1 year
  • List vs. Selling Price 183.56 % Up
  • Sold (12mo) 593
  • Rented (12mo) 173

  • 1 Month Change -32.0%
  • 3 Month Change -13.0%
  • 6 Month Change -49.5%
Walkscore
  • 7 Walk Score
    Car-Dependent
  • 23 Bike Score
    Somewhat Bikeable
Additional Details
  • Heat Type Baseboard
  • Heat Source Gas
  • Style 3-storey
  • Washroom Type1: 2
  • Garage Type Y
  • Parking Spaces: 8
  • Exterior Brick, Concrete
  • Kitchen 6
  • Parking Other
  • Washrooms Type 1 # Pcs: 3
  • Washrooms Type 2 # Pcs: 3
  • Washrooms Type 3 # Pcs: 3
  • Washrooms Type 2: 2
  • Washrooms Type 3: 2
  • Taxes: $10,545
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 03/11/2025 14:21:50
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