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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$649,900
Available - For Sale
Listing ID: X12581310
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.
Price $649,900
Taxes: $4,244
Occupancy by: Tenant
Address: 551 Adelaide Street North , London East, N6B 3J6, Middlesex
Directions/Cross Streets: Adelaide & Princess
Rooms: 10
Bedrooms: 5
Bedrooms +: 0
Washrooms: 4
Family Room: T
Basement: Apartment
Walk-Up
No. of Pieces Level
Washroom 1:  3 Main
Washroom 2:  4 Second
Washroom 3:  3 Second
Washroom 4:  4 Lower
Washroom 5:  0
Property Type: Triplex
Style: 2 1/2 Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 4
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Square Footage: 2000-2500
Property Features: Hospital
Library
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Other
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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CENTURY 21 FIRST CANADIAN CORP

551 Adelaide Street North , London East, N6B 3J6, Middlesex

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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Type: Freehold - Triplex
Area: Middlesex
Municipality: London East
Neighbourhood: East F
Style: 2 1/2 Storey
Lot Size: x 123.54(Feet)
Approximate Age:
Tax: $4,244
Maintenance Fee: $0
Beds: 5
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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