Two-story residence featuring brick and siding exterior, front lawn, and a prominent front entrance with stairs Features: brick siding, fence, chimney, shed, horizontal siding, driveway, dormer roof, curbs, porch, parking pad, outdoor structure, shingle roof

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Brick and siding exterior featuring a covered porch with dark wood stairs Features: driveway, concrete foundation, dormer roof, shed, shingle roof, porch, brick siding, outdoor structure, electric meter, horizontal siding, downspout, parking pad, gutters

Covered front porch featuring brick columns and facade Features: porch

Gray staircase with white handrail, white trim, and a window with white casing Features: natural light, smoke carbon monoxide detector, baseboards wall, drywall, stairs

Hallway with wood-finish flooring, white panel doors, and a ceiling-mounted light fixture Features: wood finish floor, drywall, smoke carbon monoxide detector, baseboards wall

Room featuring wood-finish flooring, two windows, and a ceiling fan with integrated lighting Features: vaulted ceiling, baseboards wall, drywall, bonus room, natural light, baseboard radiator, low ceiling, wood finish floor, ceiling fan

Room featuring wood-finish flooring, a contemporary ceiling fan with integrated lighting, and a white paneled door Features: drywall, baseboards wall, ceiling fan, natural light, wood finish floor

Room featuring wood-finish flooring, a double window, a ceiling fan with integrated lighting, and sloped ceiling details Features: baseboard radiator, bonus room, baseboards wall, wood finish floor, ceiling fan, drywall, natural light, vaulted ceiling, low ceiling

Room featuring wood-finish flooring, a ceiling fan with integrated lighting, and a double-hung window Features: vaulted ceiling, baseboards wall, drywall, ceiling fan, wood finish floor, bonus room, natural light, baseboard radiator

Bedroom featuring wood-finish flooring, a ceiling fan with integrated lighting, and a white paneled door Features: closet, drywall, wood finish floor, baseboards wall, ceiling fan

Kitchen featuring dark wood-finish cabinetry, white countertops, and a white tile backsplash with dark accent trim Features: natural light, raised cabinets, microwave, drywall, backsplash, range oven, dark brown cabinets, vaulted ceiling, baseboard radiator, range hood, wood finish floor, stone countertops

Compact kitchen area featuring wood-finish flooring, dark wood cabinetry, and a white countertop with an undermount sink Features: natural light, wood finish floor, drywall, raised cabinets, baseboards wall, dark brown cabinets, backsplash, pendant lighting, stone countertops, refrigerator

Kitchenette featuring dark wood-finish cabinetry with silver hardware, a dual stainless steel sink, and a white countertop with grey veining Features: sink, baseboards wall, backsplash, dark brown cabinets, drywall, countertops, raised cabinets, natural light, refrigerator, wood finish floor

Bathroom featuring wood-finish flooring, white paneled walls, a white bathtub, and a window with a white frame Features: combined bath shower, natural light, toilet, wood finish floor, drywall, full bathroom

Bathroom featuring a wooden vanity with a dark countertop and integrated sink, a wall-mounted mirror with a white frame, a contemporary pendant light fixture, and wainscoting Features: mirror, drywall, sink, toilet, half bathroom, vanity

Bathtub and shower combination featuring a white basin, light-toned shower surround, integrated shelving, and chrome fixtures Features: drywall, full bathroom, combined bath shower

Entryway featuring a white paneled door with a crescent window, a dark wood handrail, and horizontally paneled walls Features: natural light

Compact kitchen area featuring wood-finish flooring and a light blue accent wall Features: wood finish floor, low ceiling, sink, baseboards wall, drywall, refrigerator, white cabinets, basement, countertops, range oven

Kitchenette featuring wood-finish flooring, white cabinetry, and light-colored countertops Features: countertops, sink, stairs, wood finish floor, low ceiling, range hood, white cabinets, dishwasher, basement, refrigerator, range oven, baseboards wall, drywall

Kitchen area featuring wood-finish flooring and white cabinetry Features: range oven, baseboards wall, white cabinets, natural light, refrigerator, range hood, sink, drywall, vaulted ceiling, countertops, wood finish floor, low ceiling

Wood-finish flooring extending throughout, complemented by white trim and light blue walls Features: bonus room, drywall, smoke carbon monoxide detector, wood finish floor, baseboards wall, low ceiling, vaulted ceiling

Room featuring wood-finish flooring, light blue and white painted walls, and a ceiling-mounted light fixture Features: baseboard radiator, baseboards wall, wood finish floor, drywall

Room featuring wood-finish flooring, light blue painted walls, and white baseboards Features: baseboards wall, closet, drywall, wood finish floor

Bathroom featuring a white toilet, black vanity with white countertop, and wood-finish flooring Features: mirror, vanity, toilet, drywall, wood finish floor, full bathroom, combined bath shower, sink

Bathroom featuring a vanity with a white countertop and undermount sink, brushed nickel faucet, black base cabinetry, and a wall-mounted mirror with a decorative frame Features: full bathroom, textured wall, mirror, toilet, sink, vanity, shower

White bathtub and shower surround featuring a built-in soap dish and storage caddy, complemented by wood-finish accent tiling Features: vent, full bathroom, combined bath shower

Room featuring wood-finish flooring, light blue walls, white trim, and two windows with white frames Features: natural light, basement, baseboards wall, drywall, wood finish floor, pendant lighting, low ceiling

Dedicated laundry room featuring a stacked washer and dryer unit, wood-finish flooring, and bright overhead lighting Features: stacked washer dryer, wood finish floor, laundry, baseboards wall, drywall

Gravel driveway providing rear access, bordered by a brick exterior and wood fencing Features: parking pad, concrete foundation, brick siding, fence

Brick exterior featuring multiple windows with white trim, a concrete patio area, and a wood privacy fence Features: gutters, concrete foundation, satellite dish, brick siding, downspout, outdoor dining area, fence, patio

Rear exterior featuring red brick construction and white window trim Features: brick siding, outdoor structure, patio, shed, concrete foundation, fence, chimney, downspout

Spacious gravel lot featuring mature trees, wood fencing, and a small area of dark aggregate Features: woods view, parking pad, fence, water meter

Expansive backyard featuring a mix of natural ground cover and mature trees, bordered by wood privacy fencing Features: outdoor structure, shed, fence

Living area featuring wood-finish flooring, a ceiling fan with integrated lighting, and a built-in shelving unit Features: tv, ceiling fan, smoke carbon monoxide detector, drywall, baseboards wall, wood finish floor, built in shelves

Bright kitchen featuring wood-finish flooring and white appliances Features: range hood, drywall, range oven, sink, refrigerator, natural light, white cabinets, wood finish floor, backsplash, butcher block countertops

Bathroom featuring a full vanity with an integrated sink, a rectangular framed mirror, and a bathtub with a shower function Features: wood finish floor, full bathroom, drywall, sink, natural light, toilet, combined bath shower, vanity

Bedroom featuring a window with green foliage outside, hardwood flooring, and a bed frame with built-in drawers Features: baseboards wall, drywall, wood finish floor, natural light

Backyard features a paver patio with a built-in fire pit, surrounded by a brick border Features: patio, fence, shed, outdoor structure, fire pit

Hardscaped patio area featuring a built-in stone fire pit with geometric accents

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For Sale - 1071.5 Florence Street, London East, Ontario

1071.5 Florence Street

London East , Ontario

4 3 $549,900

Est payment $2,641/mo

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Time on Jump 60 day

AI Summary *

Legal triplex on a large lot with strong cash flow from existing units.
Current rental income of $3,289/month with potential for $4,639/month.
Low property taxes at $2,716/year, maximizing investor returns.
Recently updated with soundproofing, waterproofing, and a renovated kitchen.
Prime location near public transport, restaurants, and entertainment options.

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Down Payment:
$ 27,495 ( 5% )

First Time Buyer:
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New Build:
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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.

Listing IDX13589054

Address1071.5 Florence Street

CityLondon East, Ontario

Price$549,900

Bed / Bath4 / 3 Full

Style2-Storey, Triplex

ConstructionBrick, Vinyl Siding

TypeMulti-Family

StatusFor Sale

Extras

Subtype TriplexIndoor Features Carpet FreeAmenities Hospital, Library, Park, School, School Bus RouteOwnership FreeholdViews ClearBasement Apartment, Separate Entrance, Full, FinishedFoundation BlockHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

Market Info

Parking 4.00

Listing Agency:
RIGHT AT HOME REALTY

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Listing Agency:
RIGHT AT HOME REALTY

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For Sale - 1071.5 Florence Street, London East, Ontario

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