20 Adelaide Street · London, N5Z 3J8
MLS® X14090326
Listing courtesy of Exp Realty·Listing last changed 2 hours ago
Key facts
- Property type
- Multiplex
- Square footage
- 1,500-2,000 sqft
- Lot size
- 30 × 125 ft
- Parking
- 6 spaces
- Property tax
- $3,923/yr (2025)
Description
Exceptional 5-Unit Investment Opportunity! Discover the potential of this income-producing property, ideal for investors seeking reliable rental income with room to maximize returns. Featuring five separate hydro meters and ample on-site parking through back road access. Property offers practical amenities for tenants and convenient management for owners. Its desirable location near Victoria Hospital, schools, shopping, public transit, and major roadways makes it an attractive option for a wide range of renters. Whether you're expanding your investment portfolio or looking for a value-add opportunity, this multi-unit property offers an appealing combination of existing income, rental potential, and long-term appreciation prospects. Take advantage of this opportunity to invest in London's rental market!
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Property details
Interior
- Size
- 1,500-2,000 sqft
- Bedrooms
- 4 above grade, 2 lower level
- Rooms
- 8 rooms · 4 kitchens
- Bathrooms
- 1 × 3-piece on Ground, 3 × 3-piece on Second, 1 × 3-piece on Lower
- Basement
- Apartment, Walk-Up
- Heating
- Forced Air
- Cooling
- None
Building & lot
- Type
- Multiplex, 2-Storey
- Lot size
- 30 × 125 ft
- Exterior
- Vinyl Siding
- Foundation
- Concrete
- Roof
- Flat
- Water & sewer
- Sewer
Parking
- Parking
- 6 spaces
Fees & taxes
- Property tax
- $3,923/yr (2025)
Estimated value range
$617K to $681K
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 South, ON
Established south-end neighbourhood with mature trees and a community-park-centred layout.
Schools nearbyclosest is G A Wheable Secondary School, 430 m
Elementary
- 5.8
Princess Elizabeth Public School
660 m · Grades JK-8
Thames Valley District School Board
- 9.1
Lester B Pearson School for the Arts
710 m · Grades 4-8
Thames Valley District School Board
- 3.5
Holy Rosary Separate School
900 m · Grades JK-8
London District Catholic School Board
Secondary
G A Wheable Secondary School
430 m · Grades 9-12
B Davison Secondary School
620 m · Grades 9-12
Thames Valley District School Board
- 4.2
London South Collegiate Institute
1.6 km · Grades 9-12
Thames Valley District 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. $3,752/mo all in
Monthly payment estimate
Land transfer tax$9,455 on closing
Ontario LTT
$9,455
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 today
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold358 Glebe Street, London East
Sold34 Adelaide Street, London
See what these 2 homes sold for
Create a free account to see sold prices and comparable sales.
Affordabilityneeds $159,000 household income
Minimum household income required
$159,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
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Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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