551 Adelaide Street N London East, Ontario N6B 3J6
$649,900
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:61716)
Property Details
| MLS® Number | X12581310 |
| Property Type | Multi-family |
| Neigbourhood | Woodfield |
| Community Name | East F |
| AmenitiesNearBy | Hospital, Park, Public Transit |
| CommunityFeatures | Community Centre, School Bus |
| EquipmentType | None |
| Features | Flat Site, Dry |
| ParkingSpaceTotal | 4 |
| RentalEquipmentType | None |
| Structure | Porch |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Amenities | Separate Heating Controls, Separate Electricity Meters |
| Appliances | Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator |
| BasementFeatures | Apartment In Basement, Walk-up |
| BasementType | N/a, N/a |
| ExteriorFinish | Brick |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 2000 - 2500 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Hospital, Park, Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 123 Ft ,6 In |
| SizeFrontage | 34 Ft |
| SizeIrregular | 34 X 123.5 Ft |
| SizeTotalText | 34 X 123.5 Ft |
| ZoningDescription | Ac |
https://www.realtor.ca/real-estate/29141779/551-adelaide-street-n-london-east-east-f-east-f
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November 27 2025 05:53:24
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp
