551 Adelaide Street N, London East, ON N6B 3J6
London East
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 551 Adelaide Street N, London East, ON N6B 3J6
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MLS# X13029774
Listed by CENTURY 21 FIRST CANADIAN CORP
On market since Apr 22, 2026
What comparable homes actually sold for in the last 12 months.
551 Adelaide Street N, London East, ON N6B 3J6 is listed for $624,900 CAD.
551 Adelaide Street N, London East, ON N6B 3J6 has 5 bedrooms and 4 bathrooms.
551 Adelaide Street N, London East, ON N6B 3J6 is a Triplex.
551 Adelaide Street N, London East, ON N6B 3J6 is in London East, Ontario.
551 Adelaide Street N, London East, ON N6B 3J6 is currently for sale.
The annual property taxes on 551 Adelaide Street N, London East, ON N6B 3J6 are approximately $4,244 CAD.
Contact Alex Morgan at +16471112222 to arrange a private showing of 551 Adelaide Street N, London East, ON N6B 3J6 (MLS# X13029774). You can also send a message through the contact form on this site.
