551 Adelaide Street N, London East, ON N6B 3J6
London East, ON, N6B 3J6 · East F
About this property
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.
Features & Amenities
- Basement: Apartment, Walk-Up
- Garage: None
- Cooling: Other
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2 1/2 Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Triplex |
| Architectural Style | 2 1/2 Storey |
| Bedrooms | 5 |
| Bathrooms | 4 |
| Basement | Apartment, Walk-Up |
| Garage | None |
| Parking Spaces | 4 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Other |
| Sewer | Sewer |
| Annual Tax | $4,244 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Separate Heating Controls, Separate Hydro Meter, Water Heater Owned
Exterior Features
- Exterior Features
- Porch, Year Round Living
- Pool Features
- None
Building & Construction
- Architectural Style
- 2 1/2 Storey
- Construction Materials
- Brick
- Foundation Details
- Concrete
- Roof
- Shingles
- Basement
- Apartment, Walk-Up
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Other
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 4
- Parking Total
- 4.00
- Parking Features
- Private
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 123.54
- Lot Width
- 34.00
Community & Neighborhood
- Property Features
- Hospital, Library, Park, Public Transit, Rec./Commun.Centre, School Bus Route
Financial & Tax
- Tax Annual Amount
- $4,244
- Tax Year
- 2025
- Possession Type
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 10
- Kitchens Above Grade
- 3
- Kitchens Total
- 3
- Bedrooms Above Grade
- 5
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Middlesex
- Cross Street
- Adelaide & Princess
- Directions
- Heading South on Adelaide Street North Past Oxford, Just After Rosedale St
- Special Designation
- Unknown
- Showing Requirements
- Showing System, List Salesperson
Location
551 Adelaide Street N, London East, ON N6B 3J6, London East, ON, N6B 3J6