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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
1-333-345-6868info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage.

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale Listed 6 days ago

    Unit Unit B — 197 Adelaide Street S

    South L·London South, ON·N5Z 3K7·Near Thompson Road

    • 2 baths
    • 0
    London South real estate›X13437336
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    10,400 square feet of warehouse/retail space with excellent street frontage and signage opportunity along busy Adelaide Street South. May be demised into 2 - 5,000 sq ft units for qualified tenants. Average daily vehicle traffic volume of 22,000 vehicles per day. Open concept floor plan with open ceilings, spiral ducts and black sprayed finish. 10 foot clear height. Double man doors accessed from the rear with potential for additional dock and/or grade loading access. Zoned LI1. Permits a wide range of uses including warehousing, office support, wholesale establishments and more. 600V/200A power. Ample on-site parking. Excellent exposure. Pylon signage available. Conveniently located in well known area featuring retail/wholesale sales of building supplies, tools and hardware, furniture and décor, recreational products etc. Excellent location with quick access to Hwy 401. Introductory first year lease rate of $8.00 per sq ft for qualified tenants on a minimum 5 year lease term.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jun 11, 2026ListedCurrentFor sale$8 —X13437336This page
    Dec 15, 2025Previously listedTer$8 —X12636618View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      3
      Heating
      Gas Forced Air Open
      Air conditioning
      Yes
      Water source
      Municipal
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 Unit Unit B — 197 Adelaide Street S
    What's nearby

    Points of interest classified by the MLS® feed.

    • Major Highway
    • Public Transit
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $0
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $0
    56.25% mill rate · ON
    The market

    How this home sits in the London South market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The London South market right now

    Average sold price, days on market, and closed-transaction count for London South — sourced from MLS®.

    • Avg sold price
      $644,760
      Last 30 days
    • Median sold price
      $588,000
      Middle of the market
    • Days on market
      37 d
      Avg from list to close
    • Closed last 30d
      596
      MLS® transactions
    Full London South market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into Unit Unit B — 197 Adelaide Street S — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at Unit Unit B — 197 Adelaide Street S and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is Unit Unit B — 197 Adelaide Street S listed for?

      Unit Unit B — 197 Adelaide Street S is listed at $8 on the MLS® (listing X13437336). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does Unit Unit B — 197 Adelaide Street S have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. Industrial
  2. Asking
    $8
    MLS® X13437336
    Chat Zara
  3. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $644,760
    $593,179Confidence range$696,341
    Asking vs estimate
    ↓below
    −$644,752
    (-100.0%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price (limited data on this listing).

    Market analytics

    Homes like this in London South sell in about 37 days — this one has been listed 6 days.

    Avg sold price
    $644,760
    Median sold
    $588,000
    Avg days on market
    37
    Recently sold
    596
    See comparable sales
    10,400 square feet of warehouse/retail space with excellent street frontage and signage opportunity along busy Adelaide Street South.
  4. May be demised into 2 - 5,000 sq ft units for qualified tenants.
  5. Open concept floor plan with open ceilings, spiral ducts and black sprayed finish. 10 foot clear height.
  6. Ample on-site parking.
  7. Ask Zara a follow-up

    Parking & garage

    1
    Garage
    Outside/Surface
  8. Lot & land

    1
    Zoning
    LI1
  9. Listing & possession

    3
    Occupancy
    Flexible
    Property style
    Multi-Unit
    Property class
    Industrial
  10. Combined estimate
    —
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $0
    /mo
    based on the purchase price of $8
    $2 cash
    $6 financed
    $5 total interest
    Monthly payment$0/ month
    Principal54%$6
    Interest46%$5

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

  11. AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  12. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  13. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  14. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  15. Public listing courtesy of THRIVE REALTY GROUP INC. · displayed on Summitly per MLS® data-share rules

    Unit Unit B — 197 Adelaide Street S is a 2-bath. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  16. When was Unit Unit B — 197 Adelaide Street S built?

    The year built for Unit Unit B — 197 Adelaide Street S isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  17. What is the property tax for Unit Unit B — 197 Adelaide Street S?

    The 'Property tax' tab in the History section shows the most recent annual tax for Unit Unit B — 197 Adelaide Street S plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  18. How much would the monthly mortgage be on Unit Unit B — 197 Adelaide Street S?

    The affordability calculator on this page shows an estimated monthly mortgage for $8 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  19. Has Unit Unit B — 197 Adelaide Street S been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of Unit Unit B — 197 Adelaide Street S with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  20. What neighbourhood is Unit Unit B — 197 Adelaide Street S in?

    Unit Unit B — 197 Adelaide Street S is in South L, London South. The 'Neighbourhood' section below links to the live London South real estate hub with average sold price, days on market, and current inventory.

  21. Is London South a good place to live?

    London South is one of ON's actively-tracked Summitly markets. The full London South real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.