rear view of property featuring a wooden deck, brick siding, and a lawn Features: brick siding, window mounted ac, lawn, gutters, deck, concrete foundation, awning, downspout, shingle roof More Photos

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    For Sale - 92 Rectory Street, London East, Ontario

    Est payment $1,248/mo
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    Time on Jump  2 day

    AI Summary *

    • Legal licensed triplex located in a high-demand rental area.
    • Immediate cash flow with current stable and long-term tenants.
    • Vacant double room offers potential for increased rental income.
    • Professional property management in place for hassle-free ownership.
    • Close to downtown and key amenities, ensuring consistent tenant demand.




    Legal licensed triplex in the core of london - high-yield, turnkey opportunity. This fully legal and licensed triplex delivers immediate cash flow with strong fundamentals and built-in upside, positioned in one of london's most accessible and high-demand rental corridors. Featuring stable, long-term tenants who are cooperative and easy to manage, this asset is ideal for investors seeking reliable income with minimal operational friction. Current rents are: unit #1 at $1,200/month plus electricity, unit #2 at $941/month, and unit #3 at $729/month. A vacant double room in unit #3 presents an immediate value-add opportunity to increase revenue from day one. Professional property management is already in place and may be retained, offering a seamless, turnkey transition. Rental license documentation is available, providing confidence and compliance for investors. Strategically located near downtown, transit, and key amenities, this property benefits from consistent tenant demand and long-term rental stability. A rare opportunity to acquire a compliant multi-family asset with strong in-place income, operational ease, and clear upside potential in a proven location. Ideal for investors looking to scale their portfolio with a low-maintenance, high-efficiency property. Unit #3 includes a vacant double room, creating immediate upside. Conservative upside scenario: add second room rental (est.): $600/month projected monthly rent: $3,470 projected annual rent: $41,640 cap rate (assuming ~30% expenses typical for triplex) current noi: ~$24,108 current cap rate: ~9. 3% pro forma noi: ~$29,148 pro forma cap rate: ~11. 2%
    Listing IDX12999786
    Address92 Rectory Street
    CityLondon East, Ontario
    Price$259,900
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Gas Forced Air Closed

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    Listing Agency:  CENTURY 21 FIRST CANADIAN CORP

    * 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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    92 Rectory Street
    London East , Ontario
    $259,900
    Get more info