18.5 ADELAIDE STREET S, London South (South I)
$629,900
For sale: Multiplex
- Property type
- Triplex
- Bedrooms / bathrooms
- 7 bedrooms, 5 bathrooms
- Living area
- 2,000 sqft
- MLS®
- MLS® X13816604
- Neighbourhood
- South I
Triplex with ONE VACANT RENOVATED UNIT! 18.5 Adelaide Street South presents an exceptional opportunity for first time investors, house hackers, or those looking to expand their real estate portfolio. Ideally located just minutes from Victoria Hospital, Downtown London, and Highway 401, and close to 100 Kellogg Lane, the Western Fair District, as well as a wide variety of restaurants, shopping, and everyday amenities, this property offers both convenience and strong rental appeal. Unit 1 is a spacious three bedroom, one and a half bathroom unit currently rented at $2100.00 plus electricity. Unit 2 is a one bedroom, one bathroom, all inclusive unit and currently vacant. Unit 3 is is a spacious, two storey, three bedroom, one and a half bathroom unit currently rented at $1950.00 plus electricity. All units include in-suite laundry and parking. Whether you choose to live in one unit and rent out the other two, or lease all three units for steady rental income, this triplex offers versatility, reliability, and lasting value for any investor. Some photos are virtually staged.
Sold data
Homes in South I — recent sold market
Homes in South I took a median of 15 days to sell over the last 365 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 34, across 33 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 29 days.
The median sale price was $399,900.
Homes sold for about 2.4% below asking on average, so there was room to negotiate.
About 24% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
- Median days to sell
- 15
- Median sale price
- $399,900
- Sale-to-list ratio
- 97.6%
- Sold above asking
- 24%
Based on 33 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in London South (South I)
London South (South I) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
- Rated schools
- 116
- Elementary
- 97
- Secondary
- 19
- Average rating
- 5.5 / 10
Top-rated schools in London South (South I)
- John Dearness — elementary, LondonFraser rating 9.8/10
- St George — elementary, LondonFraser rating 9.1/10
- Jack Chambers — elementary, LondonFraser rating 8.8/10
- Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
- London Central — secondary, LondonFraser rating 8.7/10
- Ryerson — elementary, LondonFraser rating 8.7/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
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