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1071.5 FLORENCE STREET London East

1071.5 FLORENCE STREET, London East

$549,900

  • 4
  • 3
1,300 Square Feet
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:58875)
  • Listing ID: X13589054
  • Property Type: Multi-family
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Rooms

LevelTypeDimensions
Second LevelBedroom3.6 m x 3 m
Second LevelBedroom3.6 m x 3 m
Second LevelKitchen3 m x 2.6 m
Second LevelOffice3.3 m x 3 m
BasementBedroom3.2 m x 2.7 m
BasementLiving Room2.9 m x 3.6 m
BasementKitchen2.9 m x 2.4 m
Main LevelLiving Room4.7 m x 3 m
Main LevelBedroom3.3 m x 3.2 m
Main LevelKitchen3.3 m x 2.8 m

Details

  • Amenities Nearby: Hospital, Park, Schools
  • Community Features: School Bus
  • Equipment: Water Heater
  • Features: Carpet Free
  • Parking Spaces: 4
  • Rental Equipment: Water Heater
  • Transaction: For sale
  • Zoning Description: R2-2

Building

  • Appliances: Dryer, Stove, Washer, Refrigerator
  • BasementType: N/A, N/A, Full, N/A (Finished)
  • Basement Development: Finished
  • Basement Features: Apartment in basement, Separate entrance
  • Bedrooms Main Level: 4
  • Cooling: None
  • Exterior Finish: Brick, Vinyl siding
  • Fireplace Present: False
  • Foundation: Block
  • Bathrooms (Total): 3
  • Heating: Baseboard heaters
  • Heating Fuel: Electric
  • Size Interior: 1100 - 1500 sqft
  • Stories Total: 2
  • Type: Triplex
  • Utility Water: Municipal water

Land

  • Amenities: Hospital, Park, Schools
  • Sewer: Sanitary sewer
  • Size Depth: 168 ft ,7 in
  • Size Frontage: 37 ft ,1 in
  • Size Irregular: 37.1 x 168.6 FT

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    This property for sale is located at 1071.5 FLORENCE STREET in London. It was last modified on August 4th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other London homes for sale.

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