Exceptional 5-Unit Investment Opportunity! Discover the potential of this income-producing property, ideal for investors seeking reliable rental income with room to maximize returns. Featuring five separate hydro meters and ample on-site parking through back road access. Property offers practical amenities for tenants and convenient management for owners. Its desirable location near Victoria Hospital, schools, shopping, public transit, and major roadways makes it an attractive option for a wide range of renters. Whether you're expanding your investment portfolio or looking for a value-add opportunity, this multi-unit property offers an appealing combination of existing income, rental potential, and long-term appreciation prospects. Take advantage of this opportunity to invest in London's rental market!
4 bedrooms, 5 bathrooms, about 1,500 sq ft, works out to roughly $433 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 20 Adelaide St S
Every detail from the listing, in one place.
Type
Multiplex
Style
2-Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
6 spaces
Basement
Apartment, Walk-Up
Features & systems
Parking & garage
Parking spaces
6
Interior
Basement
Apartment · Walk-Up
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Multiplex
20 Adelaide St S Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14090326$649,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 20 Adelaide St S Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,188
/mo
based on the purchase price of $649,000
$129,800 cash
$519,200 financed
$437,303 total interest
Principal54%$519,200
Interest46%$437,303
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. 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.
Similar homes for sale nearby in London
Other 5–8 bed homes for sale in London around $649K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,487Homes for sale here right now.
Median vs prior 90 days−1.7%Compared with Apr 25 – Jul 24, 2026: prices down.
Based on 1,772 sales from Jul 24 – Oct 22, 2026 (1,468 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 20 Adelaide St S
How much is 20 Adelaide St S listed for?
20 Adelaide St S is listed at $649,000 (MLS® X14090326). Summitly updates the price as soon as the MLS® record changes.
Is $649,000 a good price for 20 Adelaide St S?
Summitly rates it Good Deal: the asking price is 3% to 10% below Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 20 Adelaide St S changed?
No — 20 Adelaide St S is still listed at its original asking price of $649,000.
How many bedrooms and bathrooms does 20 Adelaide St S have?
20 Adelaide St S has 4 bedrooms and 5 bathrooms, with about 1,500–2,000 square feet of living space. It is a multiplex in London.
How much would the monthly mortgage be on 20 Adelaide St S?
About $3,188 a month — principal and interest on $649,000 with 20% down ($129,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 20 Adelaide St S compare with other homes in London?
Its asking price of $649,000 is about 16% above the median sold price in London over the last 90 days, $560,000, across 1,772 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 20 Adelaide St S been sold before?
Summitly has no earlier MLS® sale or lease of 20 Adelaide St S on record from the last two years. Older records aren't shown under TRREB rules.
Where is 20 Adelaide St S?
20 Adelaide St S is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 20 Adelaide St S been on the market?
5 days — 20 Adelaide St S was listed on October 17, 2026.
What is the price per square foot of 20 Adelaide St S?
About $325 to $433 per square foot: the asking price of $649,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 20 Adelaide St S have parking or a garage?
Yes — the listing gives 6 parking spaces.
Does 20 Adelaide St S have a basement, and is it finished?
The listing describes the basement as: Apartment, Walk-Up.
