1071.5 Florence Street, London East, ON N5W 2M7
London East
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 1071.5 Florence Street, London East, ON N5W 2M7
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X13589054
Listed by RIGHT AT HOME REALTY
On market since Jul 21, 2026
What comparable homes actually sold for in the last 12 months.
1071.5 Florence Street, London East, ON N5W 2M7 is listed for $549,900 CAD.
1071.5 Florence Street, London East, ON N5W 2M7 has 4 bedrooms and 3 bathrooms.
1071.5 Florence Street, London East, ON N5W 2M7 is a Triplex.
1071.5 Florence Street, London East, ON N5W 2M7 is in London East, Ontario.
1071.5 Florence Street, London East, ON N5W 2M7 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 1071.5 Florence Street, London East, ON N5W 2M7 (MLS# X13589054). You can also send a message through the contact form on this site.
