$624,900
FOR SALE

Triplex 2 1/2 Storey

Bedrooms: 5Bathrooms: 4Lot: 34 x 123.54 ft
2025 Taxes: $4,244

551 Adelaide St N
London East, ON N6B 3J6 | East F | Middlesex

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.
Extras
Separate Heating Controls, Separate Hydro Meter, Water Heater Owned
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Listed By CENTURY 21 FIRST CANADIAN CORP
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13029774
Last Updated Apr 22, 2026
Property Summary
Property Type Triplex

More like this:
PIN 082770092
Legal Description PT LTS 5, 6 & 7 PLAN 181(E) AS IN 561151 LONDON
Taxes (2025) $4,244
Directions/Cross Streets Adelaide & Princess
Neighbourhood East F
Area Middlesex
Price History

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Detailed Information
Fronting On West
Special Designations Unknown
Bedrooms 5
Bathrooms 4
Lot 34 x 123.54 ft
Exterior Brick
Air Conditioning Other
Family Room Y
Basement Apartment, Walk-Up
Garage Type None
Parking Spaces 4
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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