394 Thiel Street
London East, ON
- 8 bed
- 3 bath
- approx. 2500-3000 sqft
- Triplex
Legal TRIPLEX. Annual Income $74,352++ ROI 7%++Spacious TWO 3 bedroom units + 1 2 Bedroom unit, updated new Washrooms, New Flooring &Freshly painted. The property is on a quiet street and is centrally located, close to Fanshawe College and Downtown London . All Brick Triplex Building. Shopping plazas and restaurants nearby. Public transport at the door. NEW COIN LAUNDRY ,SECURITY SYSTEM, CONTROLLED ENTRY, NEW BOILER, TENANTS PAY THEIR OWN HYDRO, SEPARATE METERS. AGREAT Rate of Return , Solid Building fully renovated in 2023-2024. All Brick Triplex Building! This Three Unit Residential Rental/Income Property is located on a huge lot size that has a large asphalt Driveway , can hold 6 Vehicles easily. NEW COIN LAUNDRY , SECURITYSYSTEM, CONTROLLED ENTRY, NEW BOILER, TENANTS PAY THEIR OWN HYDRO, SEPARATE METERS. A GREAT Rate of Return , Solid Building fully renovated in 2023-2024. All Brick Triplex Building. All Appliances in the three units ie Fridge (3), Stove -3 , Some units have Microwave. Coin Laundry on the Main Floor
Listing Details
- Taxes (2025)
- $5,381
- Originally Listed
- $869,999
- Listed
- March 11, 2026
Price History
Listing history
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Property
- Style
- 3-Storey
- Age
- 51-99
- Construction
- Brick, Concrete Poured
- Roof
- Asphalt Shingle, Unknown
- Foundation
- Concrete, Brick, Perimeter Wall, Steel Frame, Poured Concrete
- Interior
- Countertop Range, Floor Drain, On Demand Water Heater, Separate Hydro Meter, Upgraded Insulation, Water Heater Owned, Water Meter
- Lot Size
- 60.07 x 117.3 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 7
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Dundas & Second St
- Zoning
- R2-3
- Parcel Number
- 081120163
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- All Appliances in the three units ie Fridge (3), Stove -3 , Some units have Microwave. CoinLaundry on the Main Floor
- Exclusions
- None
- Rental Items
- None
Schools
Elementary
- Prince Charles Public School0.7 km
Public · Thames Valley DSB · 515 students
Grade 3 reading: 50% met the provincial standard · Grade 6 math: 9% met the provincial standard
- St Pius X Separate School0.8 km
Catholic · London District Catholic School Board · 485 students
Grade 3 reading: 68% met the provincial standard · Grade 6 math: 25% met the provincial standard
- Princess AnneFrench Immersion Public School1.2 km
Public · Thames Valley DSB · 390 students
Grade 3 reading: 72% met the provincial standard · Grade 6 math: 54% met the provincial standard
Secondary
- Clarke Road Secondary School1.4 km
Public · Thames Valley DSB · 1115 students
Grade 10 literacy: 61% met the provincial standard
- Thames Valley Alternative Secondary School1.5 km
Public · Thames Valley DSB · 250 students
- John Paul II Catholic Secondary School1.9 km
Catholic · London District Catholic School Board · 940 students
Grade 10 literacy: 71% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N5W
- Population
- 24,740
- Private dwellings
- 12,388
- Median age
- 40.4
- Average household size
- 2.1
- Median household income
- $64,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in London East · last 12 months
- Median sold price
- $460,000
- Homes sold
- 1,322
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,322 recorded sales of residential freehold properties in London East over the last 12 months.
Rooms
4-piece on Ground, 4-piece on Second, 4-piece on Third
Third
- Bedroom14' x 11'9"
Second
- Family Room20' x 17'
Ground
- Bedroom14' x 11'9"
- Bedroom14' x 11'9"
Other
- Bedroom14' x 11'9"
- Bedroom12' x 12'
- Bedroom14' x 11'9"
- Bedroom12'4" x 12'
- Bedroom14' x 11'9"
- Kitchen12' x 11'5"
- Kitchen12'4" x 11'9"
Listed by
RIGHT AT HOME REALTY
Walk Score
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Location
Street View
Mortgage Calculator
$179,980
Estimated Monthly Payment
$4,421
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,421/mo (20% down, 5.5%)
Taxes: $448/mo · Insurance: $225/mo
Estimates only. Consult a financial advisor.
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