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496 Adelaide Street N, London East, ON N6B 3J2, London East, Ontario

commercial · MLS® X12576284

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$590,000

MLS# X12576284

496 Adelaide Street N, London East, ON N6B 3J2

London East, Ontario N6B 3J2

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About This Property

This mixed-use commercial / residential building on Adelaide Street North offers an excellent opportunity for investors or owner-occupiers. The property boasts excellent exposure and includes two commercial units and two residential units ( 1 bedroom and 2 bedrooms), along with nine on-site parking spaces. One of the commercial units is currently owner-occupied, with a flexible arrangement allowing the current owner to either lease back the space or vacate. A significant advantage for an owner-occupier is the vacant two-bedroom apartment. This allows a new owner to live on-site and operate their business while generating income from the other two leased units. Detailed rent roll and operating expenses are available upon request.

Property Details

Property Type

Commercial

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496 Adelaide Street N, London East, ON N6B 3J2, London East, Ontario

About 496 Adelaide Street N, London East, ON N6B 3J2

This Commercial at 496 Adelaide Street N, London East, ON N6B 3J2 is listed for sale in London East, Ontario at $590,000.

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London East is a thriving community in Ontario with excellent amenities, schools, parks, and transit access. Whether you are a first-time buyer, growing family, or investor, this commercial represents a compelling opportunity in London East's real estate market.

MLS® number X12576284. Listed with RE/MAX Realty Specialists Inc., Brokerage. Contact Jagtar Singh for more information or to schedule a private showing.

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Mortgage Calculator

$590,000

20% ($118,000)

Minimum 5% for homes under $500K, 20% to avoid CMHC insurance

5.5%
25 years

Estimated Monthly Payment

$2,898

*Principal & Interest only. Does not include taxes or insurance.

Principal$472,000
Total Interest$397,548
Total Cost$987,548
Jagtar Singh

Jagtar Singh

RE/MAX Realty Specialists Inc.

Contact About This Property
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