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$549,900
Ontario,London East (East M)
For Sale Active
1071.5 FLORENCE STREET, London East (East M), Ontario N5W2M7
  • 4
  • 3
  • 1100 - 1500Square Feet
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Basic Details
Description

Exceptional Investment Opportunity – Legal Triplex with Strong Cash Flow & Future Upside! Own a fully legal two-storey triplex on a rare 37.09 ft x 168.63 ft lot in one of London’s rapidly growing neighbourhoods. Certified by the City of London, this income-producing property offers immediate cash flow, low operating costs, and excellent long-term appreciation potential. Currently generating $3, 289/month

from the main floor ($1, 689) and upper unit ($1, 600 including parking), with only the basement unit remaining to be leased at $1, 350/month, bringing the projected gross rental income to approximately $4, 639/month ($55, 668 annually). Property taxes are only $2, 716/year, making this an attractive opportunity for investors. The impressive 168-foot-deep lot provides added privacy and future development potential, subject to municipal approvals. Ideally located with a bus stop at the doorstep and within walking distance to the Hard Rock Hotel, casino, restaurants, shopping, and entertainment district, this high-demand location continues to attract quality tenants. Major updates include a waterproofing membrane around the foundation (2021), interior drainage system, exterior painting, soundproofing between the main and upper floors, and a renovated main-floor kitchen (2022).Additional features include separate entrances, separate hydro meters, four parking spaces, coin-operated laundry for extra income, and a private tree-lined backyard with a paved patio and fire pit. Whether expanding your portfolio or purchasing your first investment property, this well-maintained legal triplex offers strong income, excellent upside, valuable updates, and outstanding long-term investment potential. Book your showings today. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13589054
  • Price: $549,900
  • Bedrooms: 4
  • Bathrooms: 3
  • Square Footage: 1100 - 1500 Sqft
  • Status: Active
  • Office Name: RIGHT AT HOME REALTY
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 302124
Features & Appliances
Features
  • Heating System: Baseboard heaters, Electric
  • Cooling System: None
  • Basement: Finished, N/A, Full, Apartment in basement, Separate entrance
  • Parking: No Garage
  • Exterior Features: Vinyl siding, Brick
  • Sewer: Sanitary sewer
  • Utilities: Electricity, Sewer
Address Map
  • Location: CA, Ontario, London East (East M), N5W2M7
  • Street: Florence
  • Street Number: 1071.5
  • Street Suffix: Street
  • Longitude: W82° 47' 10.4''
  • Latitude: N42° 59' 25''
Additional Information
  • Water Source:
  • Community Features:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 37.1 x 168.6 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 2716
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Listing updated: 2026-08-04 01:12:44
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Listing Information
  • List Agent Key: 2085327
  • List Office Key: 302124
  • Modification Timestamp: 2026-08-03T23:30:01Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2026-08-03T23:20:40Z
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Listing updated: 2026-08-04 01:12:45
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