italianate house featuring brick siding Features: gutters, stoop, concrete foundation, electric meter, brick siding, parking pad, downspout, fence

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view of front of house with brick siding and a porch Features: porch, fence, gas meter

property entrance with brick siding and covered porch Features: porch, split ac unit

view of front of property featuring brick siding Features: fence

staircase featuring tile patterned floors Features: smoke carbon monoxide detector, baseboards wall, stairs, drywall, tile floor

living area featuring wood finished floors Features: smoke carbon monoxide detector, tv, drywall, wood finish floor

living room with wood finished floors Features: tv, wood finish floor, drywall

bedroom featuring wood finished floors Features: wood finish floor, drywall, natural light

bedroom with wood finished floors and baseboards Features: drywall, natural light, wood finish floor, baseboards wall

foyer with light wood-type flooring Features: wood finish floor, baseboards wall, drywall

kitchen with white appliances, white cabinets, and light wood-style floors Features: refrigerator, drywall, microwave, wood finish floor, range oven, natural light, vent, raised cabinets, arched cabinets, sink, white cabinets, countertops

kitchen featuring white appliances, white cabinetry, dark countertops, and light wood-style flooring Features: raised cabinets, natural light, wood finish floor, countertops, microwave, backsplash, dishwasher, white cabinets, sink, arched cabinets, drywall, range oven

kitchen with white cabinetry, white range with electric cooktop, dishwashing machine, light wood finished floors, and decorative backsplash Features: tv, sink, backsplash, chest freezer, arched cabinets, dishwasher, countertops, raised cabinets, white cabinets, range oven, drywall, wood finish floor

full bath featuring a shower with shower curtain and light tile patterned flooring Features: shower, full bathroom, drywall, sink, tile floor, baseboards wall, natural light, mirror, toilet

bathroom featuring a shower with curtain and light tile patterned floors Features: toilet, sink, tile floor, drywall, full bathroom, mirror, baseboards wall, natural light, shower

miscellaneous room with light wood-style flooring and baseboards Features: baseboards wall, natural light, drywall, wood finish floor, smoke carbon monoxide detector

kitchen featuring white appliances, white cabinets, dark countertops, and light tile patterned floors Features: white cabinets, countertops, crown molding, drywall, range oven, sink, tile floor, refrigerator

kitchen featuring white cabinetry, freestanding refrigerator, light tile patterned floors, dark countertops, and suspended lighting Features: notable chandelier, opens to living area, visible hinge cabinets, pendant lighting, tile floor, countertops, drywall, refrigerator, crown molding, white cabinets, microwave

living area with french doors, hanging lights, and light tile patterned floors Features: tile floor, drywall, baseboards wall, french doors, notable chandelier

bedroom with light tile patterned flooring, a ceiling fan, and a fireplace Features: drywall, ceiling fan, smoke carbon monoxide detector, tile floor, fireplace

bedroom featuring wood finished floors and baseboards Features: baseboards wall, wood finish floor, natural light, tv, drywall

half bath featuring stacked washer / drying machine, vanity, and light tile patterned flooring Features: mirror, baseboards wall, toilet, drywall, sink, tile floor, vanity, laundry, half bathroom, stacked washer dryer

half bathroom featuring vanity and light tile patterned floors Features: tile floor, sink, mirror, natural light, vanity, drywall, toilet, baseboards wall, half bathroom

laundry area with stacked washer / drying machine Features: laundry, drywall, washer hookup, stacked washer dryer

kitchen with white electric stove, light countertops, light tile patterned flooring, and two tone cabinetry Features: visible hinge cabinets, natural light, backsplash, range hood, gray cabinets, white cabinets, range oven, baseboards wall, countertops, sink, tile floor

bathroom with vanity, shower / bath combination with curtain, and tile walls Features: vanity, toilet, full bathroom, mirror, wainscot wall, tile wall, drywall, backsplash, combined bath shower, sink

living area featuring light wood-type flooring Features: drywall, wood finish floor, basement, tv

living area featuring light wood finished floors Features: drywall, wood finish floor, vent, natural light, tv, basement

bedroom featuring light carpet and a closet Features: basement, carpet, closet, drywall, vent

fenced backyard with stairs and a wooden deck Features: stairs, deck, fence

back of house featuring stairs Features: gutters, vertical siding, brick siding, downspout, stoop, stairs

back of property with a residential view, brick siding, stairs, and a balcony Features: residential view, fence

back of property featuring a vegetable garden, stairs, and a residential view Features: residential view, fence, garden

rear view of property featuring brick siding and roof with shingles Features: electric meter

aerial view of residential area Features: residential view

aerial view of residential area with skyline Features: residential view, city view

drone / aerial view of skyline Features: city view, residential view

aerial overview of property's location featuring nearby suburban area Features: residential view

aerial view of property and surrounding area featuring nearby suburban area Features: residential view

view of subject property with property boundaries highlighted

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For Sale - 551 Adelaide Street, London East, Ontario

551 Adelaide Street

London East , Ontario

5 4 $624,900

Est payment $3,001/mo

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Time on Jump 75 day

AI Summary *

Well-maintained brick triplex offering strong rental income from reliable tenants.
Each unit includes in-suite laundry for tenant convenience and satisfaction.
Potential for enhancements like extra parking or storage on a deep lot.
Located on a major transit corridor, close to amenities and downtown.
Zoned for commercial use, providing versatile options for future development.

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Purchase Price

Term

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Down Payment:
$ 31,245 ( 5% )

First Time Buyer:
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New Build:
Yes No

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.

Listing IDX13029774

Address551 Adelaide Street

CityLondon East, Ontario

Price$624,900

Bed / Bath5 / 4 Full

Style2 1/2 Storey, Triplex

ConstructionBrick

TypeMulti-Family

StatusFor Sale

Extras

Subtype TriplexIndoor Features Separate Heating Controls, Separate Hydro Meter, Water Heater OwnedOutdoor Features Porch, Year Round LivingAmenities Hospital, Library, Park, Public Transit, Rec./Commun.Centre, School Bus RouteOwnership FreeholdBasement Apartment, Walk-UpFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

Market Info

Parking 4.00

Listing Agency:
CENTURY 21 FIRST CANADIAN CORP

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Listing Agency:
CENTURY 21 FIRST CANADIAN CORP

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For Sale - 551 Adelaide Street, London East, Ontario

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Property Info

Extras

Market Info

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