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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
Washroom 6:  3 Main
Washroom 7:  4 Second
Washroom 8:  3 Second
Washroom 9:  4 Lower
Washroom 10:  0
Washroom 11:  3 Main
Washroom 12:  4 Second
Washroom 13:  3 Second
Washroom 14:  4 Lower
Washroom 15:  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
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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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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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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