Property Details

22433 ADELAIDE ROAD, Mount Brydges, Ontario, N0L1W0

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For sale, MLS®#: 242884
22433 ADELAIDE ROAD
Mount Brydges Ontario
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0 Beds
4 Bath
$369,900

Incredible investment opportunity. 2 buildings plus a lot sold together. Fantastic cap rate. Check this out! Main building offers retail storefront. Currently lease as Antique Store ($750 inc.). 3 bedroom apartment on main level leased for $1,020 inc. Two 1 bedroom apartments on the second level leased at $625 and $650 each inc. Attached garage currently rented out for $50/month. Separate carriage house at the rear of the property has a 4-car garage rented for $200/month which can be converted into another unit in the future. Upstairs in the carriage house is another 2 bedroom apartment rented for $900 plus. Current income is $4,175 per month ($50,000 per year). New furnace and AC in main building in 2016. Sewer charges paid out. Owner would prefer to sell property with vacant adjacent lot (658 King St - listed separately for $99,900 MLS#242887). (id:2471)

Representative
Rhema Orech
Rhema OrechSales Representative,
RE/MAX Centre City Realty Inc., Brokerage - London*
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Property Details
  • Property Address: 22433 ADELAIDE ROAD, Mount Brydges, Ontario, N0L1W0
  • Property Type: Retail
  • Zoning Description: C1&SFR
  • Title: Other, See Remarks
  • Lot Size: 0.6
  • Acreage: 0.6 ac|1/2 - 1 acre
  • Sewage Type: Municipal sewage system
  • Water Type: Municipal water
  • Driveway: Attached garage(1 spaces)
  • Total Parking Spaces: 10
  • Amenities Nearby: Recreation, Public Transit
Structure Details
  • Structure Style: Retail
  • Storeys: 2
  • Bathrooms: 4-Total
  • Heating Type: Natural gas, Forced air
  • Cooling: Central air conditioning
  • Exterior Type: Aluminum siding
  • Flooring: Carpeted, Hardwood
Amenities / Features
  • Rail

Listing Office: LONDON LIVING REAL ESTATE LTD., BROKERAGE

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22433 ADELAIDE ROAD, Mount Brydges, Ontario, N0L1W0

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