ON > London East > East F
London East, ON N6B 3J6,551 Adelaide ST N
London East, ON N6B 3J6,551 Adelaide ST N
London East, ON N6B 3J6,551 Adelaide ST N
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$649,900
Est. payment /mo
5 Beds
4 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision East F

MLS Listing ID X12581310

Style 2 1/2 Storey

Bedrooms 5

Annual Tax Amount $4,244

Tax Year 2025

Property Sub-Type Triplex

Lot Depth 123.54

Lot Front 34.0

Appx SqFt 2000-2500

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.

Location

Province ON

County Middlesex

Community East F

Area Middlesex

Zoning AC

Rooms

Family Room Yes

Basement Apartment, Walk-Up

Kitchen 3

Interior

Interior Features Separate Heating Controls, Separate Hydro Meter, Water Heater Owned

Cooling Other

Inclusions Washer/Dryer x 3 (as is), Owned HWT x3, Refrigerator x3 (as is), Stove x3 (as is), Dishwasher x1(as is)

Exterior

Exterior Feature Porch, Year Round Living

Parking Features Private

Pool None

Roof Type Shingles

Lot Frontage 34.0

Lot Depth 123.54

Total Parking Spaces 4

Building

Foundation Concrete

Others

Senior Community No

ParcelsYN No

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Listed by CENTURY 21 FIRST CANADIAN CORP

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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