41 Adelaide Street S

A rare value-add triplex in a centrally located CBD-zoned area, offering immediate income, strong upside, and future flexibility. This is an ideal opportunity for investors looking to reposition a multi-unit asset and force appreciation through renovations and rent optimization. The property consists of three self-contained units. One unit is currently tenanted, generating $850/month plus gas and hydro, providing in-place income from day one. The remaining two units are vacant and ready for renovation, including a one-bedroom and a two-bedroom suite. Both units present a clear opportunity to add value through updates and modernization, with strong upside once stabilized. The property is well-structured for investment efficiency with separate hydro and gas meters, allowing tenants to pay th…

Property Type

Triplex

Style

2-Storey

Lot Size

57 ft × 105 ft

Heating

Forced Air

Cooling

None

Basement

None

Parking

3 spaces

Annual Taxes

$2,337 (2025)

MLS #

X13037228

Brokerage

BLUE FOREST REALTY INC.

Days on Market

34 days

Estimated payment. Does not include property tax, insurance, or condo fees.

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