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551 ADELAIDE STREET N, London East (East F)
2026-04-22
Quick Summary
- Location
- 551 ADELAIDE STREET N, London East (East F), Ontario N6B3J6
- Price
- $624,900
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 2000 - 2500 sqft
- Bedrooms:
- 5
- Bathrooms:
- 4
- Garages:
- 4
MLS®#X13029774
Property Description
551 Adelaide Street North presents a rare chance to own a well-maintained, solid brick fully tenanted triplex with versatile Arterial Commercial (AC2(4)) zoning in a prime, high-visibility location. This charming century property shows pride of ownership throughout, with major updates completed: shingles (2010), furnace (2016), windows (2007 and 2013), three electrical panels, and three owned hot water tanks.The building is fully rented to long-term, reliable tenants. Each unit includes its own washer and dryer, ensuring strong tenant satisfaction and consistent rental demand. The upper unit is a spacious 2-bedroom, 2 full-bathroom loft-style apartment with two private entrances, rented at $1,448.43/month inclusive. The main floor features a 1-bedroom plus den unit rented at $1,250/month inclusive, and the lower 1-bedroom unit is rented at $1,127.50/month inclusive.Situated on a deep 34x127 ft lot, the property offers flexibility for practical enhancements such as additional parking or storage solutions. Investors will appreciate the strong structure, stable income, and the potential to enhance returns through rent optimization, cosmetic updates, and operational efficiencies with utilities or insurance. Located on a major transit corridor and close to pharmacies, grocery stores, and the downtown core, this triplex is an excellent option for investors seeking reliable income in a desirable, commercially zoned location. A must-see for those looking to secure a versatile, income-producing asset. Full Financial Summary & Rent Roll Available. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Hospital, Park, Public Transit
Building
- Amenities: Separate Heating Controls, Separate Electricity Meters
- Appliances: Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator
- Basement Features: Apartment in basement, Walk-up
- Basement Type: N/A, N/A
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 2000 - 2500 sqft
- Building Type: Triplex
- Stories: 2.5
- Utility Water: Municipal water
Features
- Feature: Flat site, Dry
Land
- Land Size: 34 x 123.5 FT
- Sewer: Sanitary sewer
Structure
- Structure: Porch
Zoning
- Description: AC
Information entered by CENTURY 21 FIRST CANADIAN CORP
Listing information last updated on: 2026-04-22 15:23:22
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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