173 Adelaide Street
London East, N6B 3H1·MLS® X13133066·
Listing courtesy of Sutton Group Preferred Realty INC.·Updated May 15
Listing price
$424,000
Est. $2,019/mo
Days on market
Listed May 15, 2026
Description
Experience the perfect combination of space, versatility, and income potential in this substantial 6-bedroom, 2-bathroom home, currently arranged as 2 separate units. Whether you are an investor, accommodating extended family, or searching for a property with built-in revenue, this home offers exceptional flexibility. The main floor unit features 4 spacious bedrooms, including 2 with walk-in closets, a huge primary bedroom, soaring 9-foot ceilings, and beautiful original mouldings that add timeless character. A refreshed kitchen and bathroom, along with new flooring and fresh paint throughout, make the main level both stylish and move-in ready. Upstairs, the second-floor unit includes 2 additional bedrooms, a comfortable den, second kitchen, and a full bathroom. The current arrangement provides excellent income from dependable roommates, while the owner enjoys comfortable living on the main floor. All roommates are in place under month-to-month roommate agreements. Step outside to a new fully fenced backyard, offering privacy as well as a safe and secure area for children or pets. The spacious deck creates the perfect setting for outdoor dining, summer barbecues, and entertaining guests. Additional features include a new Lennox furnace and central air system (2022), separate hydro and water meters, and multiple entrances. Combined with the flexible layout, these features create strong potential for a future duplex or triplex conversion, adding even more value and income opportunity. Whether you are looking for a property that can help offset your living expenses or a smart addition to your investment portfolio, this home offers outstanding potential.
Property details
Basement
Finished
Parking
2 spaces
Type
Duplex — 2-Storey
Heating
Forced Air
AI property estimate
82% confidence · 4 comparable sales analysed
Location & neighbourhood
Monthly payment estimate
Land transfer tax
Ontario LTT
$4,955
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$498,500
636 Queens Avenue, London East
Sold$460,000
717 Central Avenue, London East
See all 10 comparables
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Market conditions · East K
Avg. sold price
$682,400
+5.2%
Avg. days on market
18
−3d
Sale-to-list ratio
101.2%
+0.8%
Investment analysis
Est. monthly rent
$1,696
Rental yield
4.8%
Est. cash flow
-$1,121
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$105,628
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$428,240
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