Salehian.com 647-325-5000

551 Adelaide Street N

East F, London East, N6B 3J6

$624,900

Photo 1 of 44Photo 2 of 44Photo 3 of 44Photo 4 of 44Photo 5 of 44Photo 6 of 44Photo 7 of 44Photo 8 of 44Photo 9 of 44Photo 10 of 44Photo 11 of 44Photo 12 of 44Photo 13 of 44Photo 14 of 44Photo 15 of 44Photo 16 of 44Photo 17 of 44Photo 18 of 44Photo 19 of 44Photo 20 of 44Photo 21 of 44Photo 22 of 44Photo 23 of 44Photo 24 of 44Photo 25 of 44Photo 26 of 44Photo 27 of 44Photo 28 of 44Photo 29 of 44Photo 30 of 44Photo 31 of 44Photo 32 of 44Photo 33 of 44Photo 34 of 44Photo 35 of 44Photo 36 of 44Photo 37 of 44Photo 38 of 44Photo 39 of 44Photo 40 of 44Photo 41 of 44Photo 42 of 44Photo 43 of 44Photo 44 of 44
  • 5 bedrooms
  • 4 bathrooms
  • 4 parking
  • 2000-2500 sq ft

Listed 181 days ago · MLS® X13029774

About this home

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.

Details

Type
Triplex
Style
2 1/2 Storey
Size
2000-2500 sq ft
Lot
34 × 123.54 ft
Basement
Apartment, Walk-Up
Garage
None
Kitchens
3
Property tax
$4,244 (2025)
Neighbourhood
East F
Municipality
London East

Interior

Bedrooms
5 above ground
Bathrooms
1 × 3-piece (main), 1 × 4-piece (second), 1 × 3-piece (second), 1 × 4-piece (lower)
Rooms
10 above ground
Family room or den
Yes
Fireplace
No
Features
Separate Heating Controls, Separate Hydro Meter, Water Heater Owned

Heating, cooling and services

Heating
Forced Air, Gas
Water and sewer
Sewer

Building and exterior

Style
2 1/2 Storey
Exterior
Brick
Roof
Shingles
Foundation
Concrete
Faces
West
Outdoor
Porch, Year Round Living

Parking

Total parking
4
Driveway and parking
Private

Lot

Size
34 × 123.54 ft (rectangular)

More

Possession
Flexible
Nearby
Hospital, Library, Park, Public Transit, Rec./Commun.Centre, School Bus Route
Cross street
Adelaide & Princess

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 14 cafés and restaurants, 5 parks. Nearest park: Lorne Avenue Park (400 m).

Schools nearby

Elementary

  • Lord Roberts Public School8 min walk
  • St George's Public School Catholic
    EQAO: Gr 6 reading 90%, math 81%    1.3 km
  • Aberdeen Public School
    EQAO: Gr 6 reading 65%, math 33%    1.3 km
  • East Carling Public School
    EQAO: Gr 6 reading 76%, math 46%    1.4 km

Secondary

  • H.B. Beal Secondary School
    EQAO: Gr 9 math 56%, literacy test 79%    10 min walk
  • St. Mary's Catholic School Catholic11 min walk
  • Catholic Central High School Catholic
    EQAO: Gr 9 math 57%, literacy test 89%    11 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N6B

Owners / renters
23% / 77%
Median household income
$49,200
Average age
42
Children under 15
8%
Homes
13% detached, 42% high-rise
Commute by transit
14%
Population
11,101

Languages spoken most at home besides English: Spanish 1.1%, Portuguese 0.8%, Arabic 0.6%, Polish 0.5%.

Safety

Crime Severity Index for London police: 73 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown London: 1 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by CENTURY 21 FIRST CANADIAN CORP.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

Similar homes nearby

See more in London East