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1071.5 Florence Street in London East for sale

Asking price
$549,900
Estimate (Jul 21)
$534,944
MLS #:
X13589054
Type:
Triplex, 2-Storey
Approx. SQFT:
1100-1500
Basement:
Apartment, Sep Entrance
4 4
37.09 x 168.63 ft lot
PROPERTY HISTORY
SIGN IN REQUIRED
List Date List Price Last Status Sold Date Sold Price Days On Market
0000-00-00 $00000 New N/A N/A N/A
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Lsd Jul 31 $1,550
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Lsd Jan 20, 2025 $1,650
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Lsd Dec 02, 2024 $1,300
0000-00-00 $00000 Exp N/A N/A N/A
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.

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  • Date Listed: Tuesday, July 21, 2026
  • Listing Brokerage: Right At Home Realty - Disclaimer: The information contained in this listing has not been verified by Right At Home Realty and should be verified by the buyer.
  • City: London East

    More 4 bedrooms homes for sale in London East

  • Neighbourhood: East M
  • Major Intersection: EGERTON ST.
  • Full Address: 1071.5 Florence Street, London East, N5W 2M7, ON, Canada
  • Living Room:
  • Kitchen:
  • Kitchen:
  • Living Room:
  • Kitchen:
  • Amenities:
  • Taxes: $2,716.00 (2025)
Living15 x 10 ft150 sq ft
Br11 x 10 ft110 sq ft
Kitchen11 x 9 ft99 sq ft
Br12 x 10 ft120 sq ft
Br12 x 10 ft120 sq ft
Kitchen10 x 9 ft90 sq ft
Office11 x 10 ft110 sq ft
Br10 x 9 ft90 sq ft
Living10 x 12 ft120 sq ft
Kitchen10 x 8 ft80 sq ft

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