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    For Sale - 1071.5 Florence Street, London East, Ontario

    Est payment $2,641/mo
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    Time on Jump  1 days




    Rare opportunity to own a legal two-storey triplex on a generous 37. 09 ft x 168. 63 ft lot in one of london's rapidly growing neighbourhoods. The exceptional depth of the property offers a private setting, excellent long-term value, and potential for future development, subject to municipal approvals. Certified as a legal triplex by the city of london, this versatile property features two vacant units, allowing the new owner to move in, choose their own tenants, or lease immediately at current market rents. The third unit is already leased at above-market rent, providing reliable income from day one. Ideally located with a bus stop at the doorstep and within walking distance to the hard rock hotel, casino, restaurants, entertainment district, and other major amenities, this property is well positioned to attract quality tenants and may also appeal to buyers considering short-term accommodation opportunities, subject to municipal regulations. 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), offering added value and peace of mind. Additional features include separate entrances, separate hydro meters, four parking spaces, coin-operated laundry for additional income, and a private, tree-lined backyard with a paved patio and fire pit. Whether you're an investor seeking a strong income-producing property or an owner-occupier looking to offset your mortgage with rental income, this well-maintained legal triplex offers an outstanding combination of location, flexibility, income potential, and valuable updates.
    Listing IDX13589054
    Address1071.5 Florence Street
    CityLondon East, Ontario
    Price$549,900
    Bed / Bath4 / 3 Full
    Style2-Storey, Detached
    ConstructionBrick, Vinyl Siding
    TypeResidential
    StatusFor Sale

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

    Parking 4.00
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    Listing Agency:  RIGHT AT HOME REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    1071.5 Florence Street
    London East , Ontario
    4 3 $549,900
    Get more info