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173 Adelaide Street

London East, N6B 3H1·MLS® X13133066·

Listing courtesy of Sutton Group Preferred Realty INC.·Updated May 15

For sale
1 / 18
4Beds
2Baths
1,500-2,000Sqft
Year Built

Listing price

$424,000

Est. $2,019/mo

Days on market

30

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

$428,240At Market
$402,800$453,680

82% confidence · 4 comparable sales analysed

Location & neighbourhood

Old East Village

London East, ON

Vibrant arts district with walkable streets and character homes.

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,019
Property tax$459
Insurance (est.)$88
Utilities (est.)$250
Total monthly$2,817

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

May 15, 2026Listed
$424,000

Sold comparables nearby

636 Queens Avenue, London EastSold

$498,500

636 Queens Avenue, London East

3 bd·2 ba·1,500-2,000 sqft
717 Central Avenue, London EastSold

$460,000

717 Central Avenue, London East

4 bd·2 ba·1,500-2,000 sqft

See all 10 comparables

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Market conditions · East K

Buyer's marketBalancedSeller's market

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

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$105,628

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$428,240

At Market

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