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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 On market 56 days

    551 Adelaide Street N

    East F·London East, ON·N6B 3J6·Near Adelaide & Princess

    • 5 beds
    London East real estate›X13029774
    • 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

    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.

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

    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
    Apr 21, 2026ListedCurrentFor sale$624,900 —X13029774This page
    Nov 27, 2025Previously listedTer$649,900 —X12581310View
    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

      4
      Heating
      Forced Air
      Air conditioning
      Other
      Water source
      Municipal
      Sewer
    Location & lifestyle

    Getting around, schools & the block

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

    📍 551 Adelaide Street N
    What's nearby

    Points of interest classified by the MLS® feed.

    • Hospital
    • Library
    • Park
    • 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
    $3,070
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $354
    0.68% mill rate · ON
    The market

    How this home sits in the London East market

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

    The London East market right now

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

    • Avg sold price
      $459,566
      Last 30 days
    • Median sold price
      $456,000
      Middle of the market
    • Days on market
      32 d
      Avg from list to close
    • Closed last 30d
      405
      MLS® transactions
    Full London East market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 551 Adelaide Street N — 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 551 Adelaide Street N 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 551 Adelaide Street N listed for?

      551 Adelaide Street N is listed at $624,900 on the MLS® (listing X13029774). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 551 Adelaide Street N 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. 4 baths
  2. 2000-2500 sqft
  3. Triplex
  4. Asking
    $624,900
    $0 / sqft · MLS® X13029774
    Chat Zara
  5. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $625,010
    $575,009Confidence range$675,011
    Asking vs estimate
    ≈in-line
    −$110
    (-0.0%)
    Asking is in line
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 5 bedrooms (no sqft on file).

    Market analytics

    Homes like this in London East sell in about 32 days — this one has been listed 56 days.

    Avg sold price
    $459,566
    Median sold
    $456,000
    Avg days on market
    32
    Recently sold
    405
    See comparable sales
    AI highlights by Zara
    • 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.
    • 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.
    Ask Zara a follow-up
    Sewer
  6. Parking & garage

    3
    Garage
    None
    Parking spaces
    4
    Driveway
    Private
  7. Interior

    4
    Basement
    Apartment, Walk-Up
    Family room
    Y
    Kitchens
    3
    Total rooms
    10
  8. Exterior & construction

    4
    Exterior
    Brick
    Roof
    Shingles
    Foundation
    Concrete
    Pool
    None
  9. Lot & land

    1
    Zoning
    AC
  10. Listing & possession

    3
    Possession
    2026-05-29T00:00:00.000-00:00
    Property style
    2 1/2 Storey
    Property class
    Triplex
  11. Rec./Commun.Centre
  12. School Bus Route
  13. Combined estimate
    $3,424
    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
    $3,070
    /mo
    based on the purchase price of $624,900
    $124,980 cash
    $499,920 financed
    $421,064 total interest
    Monthly payment$3,070/ month
    Principal54%$499,920
    Interest46%$421,064

    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.

    Comparable triplexs that just sold in London East

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 7 Marmora Street
      Sold
      Sign in for price
      7 Marmora Street
      Triplex
    • 720 Queens Avenue
      Sold
      Sign in for price
      720 Queens Avenue
      Triplex
    • 92 Rectory Street
      Sold
      Sign in for price
      92 Rectory Street
      Triplex
    • 466 Adelaide Street
      Sold
      Sign in for price
      466 Adelaide Street
      Triplex
    • 572 Pall Mall Street
      Sold
      Sign in for price
      572 Pall Mall Street
      Triplex
    • 98 Inkerman Street
      Sold
      Sign in for price
      98 Inkerman Street
      Triplex
    AddressBd / BaSqftSold$/sqft% of askSold
    551 Adelaide Street NThis home5 / 420,002,500$624,900ask———
    7 Marmora Street4 / 31,100—
    720 Queens Avenue6 / 42,000—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More triplexs in London East

    Active listings within ±20% of this asking price.

    • 197 Barker Street
      $729,900
      197 Barker Street
      Triplex 8 3
    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.

  14. One team, no handoffs

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

  15. Showings on YOUR schedule

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

  16. Mortgage that closes

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

  17. Public listing courtesy of CENTURY 21 FIRST CANADIAN CORP · displayed on Summitly per MLS® data-share rules

    551 Adelaide Street N is a 5-bedroom, 4-bath, 2000-2500 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  18. When was 551 Adelaide Street N built?

    The year built for 551 Adelaide Street N isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  19. What is the property tax for 551 Adelaide Street N?

    The 'Property tax' tab in the History section shows the most recent annual tax for 551 Adelaide Street N plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  20. How much would the monthly mortgage be on 551 Adelaide Street N?

    The affordability calculator on this page shows an estimated monthly mortgage for $624,900 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  21. Has 551 Adelaide Street N been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 551 Adelaide Street N with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  22. What neighbourhood is 551 Adelaide Street N in?

    551 Adelaide Street N is in East F, London East. The 'Neighbourhood' section below links to the live London East real estate hub with average sold price, days on market, and current inventory.

  23. Is London East a good place to live?

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

  24. 92 Rectory Street
    7 / 3
    2,000
    —
    466 Adelaide Street6 / 31,500—
    572 Pall Mall Street5 / 32,000—
    98 Inkerman Street4 / 31,500—