Legal TRIPLEX. Annual Income $74,352++ ROI 7%++Spacious TWO 3 bedroom units + 1 2 Bedroom unit, updated new Washrooms, New Flooring &Freshly painted. The property is on a quiet street and is centrally located, close to Fanshawe College and Downtown London . All Brick Triplex Building. Shopping plazas and restaurants nearby. Public transport at the door. NEW Coin laundry ,security system, controlled entry, new boiler, tenants pay their own hydro, separate meters. AGREAT Rate of Return , Solid Building fully renovated in 2023-2024. All Brick Triplex Building! This Three Unit Residential Rental/Income Property is located on a huge lot size that has a large asphalt Driveway , can hold 6 Vehicles easily. NEW Coin laundry , securitysystem, controlled entry, new boiler, tenants pay their own hydro, separate meters. A GREAT Rate of Return , Solid Building fully renovated in 2023-2024. All Brick Triplex Building. All Appliances in the three units ie Fridge (3), Stove -3 , Some units have Microwave. Coin Laundry on the Main Floor
8 bedrooms, 3 bathrooms, about 2,500 sq ft, works out to roughly $360 per square foot. Chat with Zara if you'd like a deeper read on whether this triplex fits your budget and timing.
Inside 394 Thiel St
Every detail from the listing, in one place.
Type
Triplex
Style
3-Storey
Living space
2500-3000 sq ftas stated on the listing
Parking
7 spaces
Basement
Finished
Features & systems
Parking & garage
Parking spaces
7
Interior
Basement
Finished
Lot & land
Lot size (sqft)
0.189
Listing & possession
Property style
3-Storey
Property class
Triplex
394 Thiel St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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
$4,421
/mo
based on the purchase price of $899,900
$179,980 cash
$719,920 financed
$606,362 total interest
Principal54%$719,920
Interest46%$606,362
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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.
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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 7–8 bed homes for sale in London around $900K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,490Homes 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 394 Thiel St
How much is 394 Thiel St listed for?
394 Thiel St is listed at $899,900 (MLS® X12869698). Summitly updates the price as soon as the MLS® record changes.
Is $899,900 a good price for 394 Thiel St?
Summitly rates it Excellent Deal: the asking price is 10% or more 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 394 Thiel St changed?
Yes — it was first listed at $869,999 and is now $899,900, an increase of $29,901 (3.4%).
How many bedrooms and bathrooms does 394 Thiel St have?
394 Thiel St has 8 bedrooms and 3 bathrooms, with about 2,500–3,000 square feet of living space. It is a triplex in London.
How much would the monthly mortgage be on 394 Thiel St?
About $4,421 a month — principal and interest on $899,900 with 20% down ($179,980), 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 394 Thiel St compare with other homes in London?
Its asking price of $899,900 is about 61% 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 394 Thiel St been sold before?
Summitly has no earlier MLS® sale or lease of 394 Thiel St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 394 Thiel St?
394 Thiel St is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 394 Thiel St been on the market?
225 days — 394 Thiel St was listed on March 11, 2026.
What is the price per square foot of 394 Thiel St?
About $300 to $360 per square foot: the asking price of $899,900 over the 2,500–3,000 sq ft the listing gives as its size range.
Does 394 Thiel St have parking or a garage?
Yes — the listing gives 7 parking spaces.
Does 394 Thiel St have a basement, and is it finished?
