116/118 Adelaide St N, London, ON N6B 3H3

First time on the market in over 60 years! Very unique and rare property. Large residential complex, 2 century solid brick homes each with 2 residential units, cleaned and ready for occupancy, an oversized 1.5 car garage, and a 1200sq ft workshop/retail space. Property is zoned R2-2 with commercial, lots of opportunity for future growth. Amazing opportunity for owner operated business on main arterial road, (superior exposure), and extra income from the other units. All are vacant with separate meters. Both houses and shop have newer roofs, some windows have been replaced, upper units have been refreshed, there is plenty of parking, a convenient public transit stop front of property and nice private yards. The complex sits on a large 88x156 lot located in soho district, great potential for future development. The shop could be easily separated into 2 units, for additional income. Originally the upper unit in 116 was rented as separate rooms with a shared bath and kitchen, last tenanted as a 2 bedroom, using the 3rd as a living space (815 sq ft) stove, microwave and fridge incl. Main unit in 116 is a 2 bed 2 bath unit(1170 sq ft) the fully finished basement(1091 sq ft)is perfect for large family gatherings. A large outdoor covered porch can be opened up to enjoy the fully fenced private yard, there is also a large shed, the fridge, stove, washer ,dryer & hot water heater are incl. There are plenty of built in storage units and adequate closets throughout the house. The upper unit in 118(509 sq ft) could be a 2 room shared bath & kitchen or a 1 bedroom, it has been nicely updated, fresh paint, engineered hardwood floors, newer windows, fridge and stove incl. The main unit has 2 good sized bedroom, large eat in kitchen, laundry room, 4 pce bath, and a large open living/ dining area, (1212 sq ft). Basement needs some tlc, could be excellent storage. An oversized garage and private outdoor space complete this property.