394 Thiel Street · London, N5W 4P8
MLS® X12869698
Listed Mar 11, 2026
Listing courtesy of Right At Home Realty·Listing last changed Sep 17
Key facts
- Property type
- Triplex
- Square footage
- 2,500-3,000 sqft
- Lot size
- 60.07 × 117.3 ft · < 0.50 acres
- Age
- 51-99 years
- Parking
- 7 spaces
- Property tax
- $5,381/yr (2025)
Description
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
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Property details
Interior
- Size
- 2,500-3,000 sqft
- Rooms
- 12 rooms · 3 kitchens
- Bathrooms
- 1 × 4-piece on Ground, 1 × 4-piece on Second, 1 × 4-piece on Third
- Basement
- Finished
- Heating
- Forced Air
- Cooling
- None
Building & lot
- Type
- Triplex, 3-Storey
- Age
- 51-99 years
- Lot size
- 60.07 × 117.3 ft · < 0.50 acres
- Exterior
- Brick, Concrete Poured
- Foundation
- Brick, Perimeter Wall, Steel Frame, Poured Concrete
- Roof
- Asphalt Shingle, Unknown
- Water & sewer
- Sewer
Parking
- Driveway
- Private Double, Available, Lane, Reserved/Assigned (7 spaces)
- Parking
- 7 spaces
Fees & taxes
- Property tax
- $5,381/yr (2025)
Rooms
Second
- Family Room
- 6.09 × 5.18 m
Third
- Bedroom
- 4.27 × 3.58 m
Ground
- Bedroom
- 4.27 × 3.58 m
- Bedroom
- 4.27 × 3.58 m
Other
- Bedroom
- 4.27 × 3.58 m
- Kitchen
- 3.65 × 3.48 m
- Bedroom
- 3.65 × 3.65 m
- Bedroom
- 4.27 × 3.58 m
- Kitchen
- 3.75 × 3.58 m
- Bedroom
- 3.75 × 3.65 m
- Bedroom
- 4.27 × 3.58 m
Estimated value range
$855K to $945K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Location & neighbourhood
DirectionsLondon East, ON
Expansive east London district with parks and a wide range of affordable to mid-range housing.
Schools nearbyclosest is Prince Charles Public School, 730 m
Elementary
- 4.0
Prince Charles Public School
730 m · Grades JK-8
Thames Valley District School Board
- 5.8
St Pius X Separate School
760 m · Grades JK-8
London District Catholic School Board
- 7.4
Académie de la Tamise
1.2 km · Grades JK-6
Conseil scolaire Viamonde
Secondary
- 3.8
Clarke Road Secondary School
1.4 km · Grades 9-12
Thames Valley District School Board
Thames Valley Alternative Secondary School
1.5 km · Grades 9-12
- 3.3
John Paul II Catholic Secondary School
1.9 km · Grades 9-12
London District Catholic School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $5,101/mo all in
Monthly payment estimate
Land transfer tax$14,473 on closing
Ontario LTT
$14,473
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Mar 11, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold583 Highbury Avenue, London East
See what these 1 homes sold for
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Affordabilityneeds $213,000 household income
Minimum household income required
$213,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Call Colin at (226) 212-5099 or text
Get notified about similar homes
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Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
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