1071.5 Florence ST, London East, ON N5W 2M7
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1071.5 Florence ST, London East, ON N5W 2M7
1071.5 Florence ST, London East, ON N5W 2M7
1071.5 Florence ST, London East, ON N5W 2M7
1071.5 Florence ST, London East, ON N5W 2M7
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Richard Rutkowski

Richard Rutkowski

+1(905) 876-6660
$ 549,900
Est. payment /mo
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1071.5 Florence ST London East, ON N5W 2M7

4 Beds

3 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision East M

MLS Listing ID X13589054

Style 2-Storey

Bedrooms 4

Annual Tax Amount $2,716

Tax Year 2025

Property Sub-Type Triplex

Property 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.

Location

Province ON

County Middlesex

Area Middlesex

Rooms

Family Room Yes

Basement Apartment, Separate Entrance, Full, Finished

Kitchen 3

Interior

Interior Features Carpet Free

Cooling None

Fireplace No

Heat Source Electric

Exterior

Parking Features Reserved/Assigned

Pool None

View Clear

Roof Type Asphalt Shingle

Lot Frontage 37.09

Lot Depth 168.63

Total Parking Spaces 4

Building

Building Age 100+

Unit Features Hospital,Library,Park,School,School Bus Route

Foundation Block

Others

ParcelsYN No

Listed by RIGHT AT HOME REALTY

NEARBY SCHOOLS & PROPERTIES

Richard Rutkowski

Richard Rutkowski

License Partner | Broker of Record License ID: HBRUTKORI

+1(905) 876-6660

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1071.5 Florence ST