$549,900
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1071.5 Florence Street, London East (east M), ON N5W2M7

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4 Beds
3 Baths
- Sq Ft

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. (id:58753)

Listing By: SAIJAN VARGHESE MUTOONNY - RIGHT AT HOME REALTY
Source: CREA #X13589054 Listing provided courtesy of Canadian Real Estate Association
  • MLS® X13589054
  • Date Listed07/21/2026
  • Days on Realty 72 Days
  • Bedrooms 4
  • Bathrooms 3 baths
  • Lot Size -
  • Sewer Other
  • Property Type Triplex
  • Water Public

Interior Features

  • Appliances Washer, Refrigerator, Stove, Dryer
  • Cooling None
  • Heating Baseboard heaters, Electric

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Carpet Free

Directions

Cross Streets: EGERTON ST. ** Directions: Egerton & Florence St.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N5W2M7

Discover key demographics, population statistics, and environmental insights for the London East (east M), ON area.

Walkability in ON / N5W2M7

Source: Walk Score

63/100

Somewhat Walkable

Walk Score ®

49/100

Some Transit

Transit Score ®

58/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

8 nearby routes: 8 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 49/100, Transit Score: 46/100, Bike Score: 56/100.

Points of Interest near 1071.5 FLORENCE STREET, London East (East M), ON N5W2M7

Frequently Asked Questions for 1071.5 FLORENCE STREET

Source: Realty.com

1071.5 FLORENCE STREET, London East (East M), ON N5W2M7 in London East (East M), ON N5W2M7 is a triplex listed at $549,900. Highlights include 4 bedrooms, 3 bathrooms. Realty.ca has 39 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 39 photos of 1071.5 FLORENCE STREET.

The full address for this home is 1071.5 FLORENCE STREET, London East (East M), ON N5W2M7.

1071.5 FLORENCE STREET has been listed on Realty.com since Tue July 21, 2026

Some errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 49/100, Transit Score: 46/100, Bike Score: 56/100.

This content last refreshed on 2026-10-01 23:13:56. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.