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173 ADELAIDE STREET N, London East (East K) — listed at $399,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
*** Additional Listing Details - Click Brochure Link *** Experience the perfect combination of space, versatility, and income potential in this 6-bedroom, 2-bathroom home, currently arranged as 2 separate units. Whether you are an investor or an extended family, this home offers exceptional flexibility. The main floor unit features 4 spacious bedrooms, including a huge primary bedroom. A refreshed kitchen and bathroom, along with newer flooring and fresh paint throughout, make the main level both stylish and move-in ready. Upstairs, the second-floor unit includes 2 additional bedrooms, a den, second kitchen, and a full bathroom. The current arrangement provides excellent income from dependable roommates ( all on month-to-month roommate agreements) while the owner enjoys comfortable living on the main floor. New fully fenced backyard, offering privacy. Additional features include a new Lennox furnace and central air system (2022), 2 separate hydro and water meters, and multiple entrances. Commercial/residential zoning R8-4, AC4, AC5 (id:60164)
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,336, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 6 bedrooms and 2 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is this a good starter home?+
At $399,000, this is priced in starter-home territory for London East (East K). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
What's the parking situation?+
This property includes 2 spaces — No Garage.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is 173 ADELAIDE STREET N a good fit for a growing family?+
With 6 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
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