551 ADELAIDE STREET N, London, Ontario N6B 3J6

551 ADELAIDE STREET N, London, Ontario N6B 3J6
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Get more details

$624,900.00

  • 5 bedrooms
  • 4 bathrooms

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 ... read more

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:25417)

  • Listing ID: X13029774
  • Property Type: Multi-family
Property
Lot Size: 34 by 123.5 FT
Parking: No Garage
4 Spaces
Building
Type: Multi-family Triplex
Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer and Water Heater
HVAC: Fireplace and Forced Air
Natural Gas
Exterior: Brick
Basement: N/A, N/A
Utilities: Sanitary Sewer
Location
City: London
Province: Ontario
Nearby Amenities: Hospital, Park and Public Transit
Community Features: Community Centre and School Bus

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551 ADELAIDE STREET N, London, Ontario N6B 3J6
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This property, located on Adelaide Street North in London Ontario, was published on April 23rd, 2026. See if this multi-family home suits your needs, or speak with an agent about subscribing to similar homes. At MoveMeTo.com, we make finding homes for sale in London convenient.

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