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$649,900
Ontario,London East (East F)
For Sale Active
551 ADELAIDE STREET N, London East (East F), Ontario N6B3J6
  • 5
  • 4
  • 2000 - 2500Square Feet
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Basic Details
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 34×127 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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12581310
  • Price: $649,900
  • Bedrooms: 5
  • Bathrooms: 4
  • Square Footage: 2000 - 2500 Sqft
  • Status: Active
  • Office Name: CENTURY 21 FIRST CANADIAN CORP
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 47128
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Basement: N/A, Apartment in basement, Walk-up
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, London East (East F), N6B3J6
  • Street: Adelaide
  • Street Number: 551
  • Street Suffix: Street
  • Longitude: W82° 45' 57.6''
  • Latitude: N42° 59' 35.7''
  • Street Dir Suffix: North
Additional Information
  • Water Source:
  • Community Features:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 34 x 123.5 FT
  • Stories: 2.5
Financial
  • Tax Annual Amount: 4244
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Listing updated: 2025-12-10 03:17:37
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Listing Information
  • List Agent Key: 2060640
  • List Office Key: 47128
  • Modification Timestamp: 2025-11-27T18:26:11Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2025-11-27T17:53:24Z
Powered by REALTOR.ca
Listing updated: 2025-12-10 03:17:37
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