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

×

    For Sale - 92 Rectory Street, London East, Ontario

    Est payment $1,080/mo
    Get pre-qualified
    Views   1
    Time on Jump  1 days

    AI Summary *

    • Fully licensed triplex with immediate cash flow and strong rental demand.
    • Stable long-term tenants make management easy and reliable for owners.
    • Vacant double room offers quick opportunity to boost rental income.
    • Strategically located near downtown and major amenities for tenant attraction.
    • Professional property management in place for a seamless investment experience.




    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: $3,470projected annual rent: $41,640cap rate (assuming ~30% expenses typical for triplex)current noi: ~$24,108current cap rate: ~10. 7%pro forma noi: ~$29,148pro forma cap rate: ~13. 0%
    Listing IDX13090252
    Address92 Rectory Street
    CityLondon East, Ontario
    Price$224,900
    Bed / Bath7 / 3 Full
    Style2-Storey, Triplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Carpet FreeOwnership FreeholdBasement UnfinishedFoundation Concrete, BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 10.00
    ASAP

    Sat

    9

    May

    Sun

    10

    May

    Mon

    11

    May

    Tue

    12

    May

    Wed

    13

    May

    Thu

    14

    May

    Fri

    15

    May

    Sat

    16

    May

    Sun

    17

    May

    Mon

    18

    May

    Tue

    19

    May

    Wed

    20

    May

    Thu

    21

    May

    Fri

    22

    May

    Sat

    23

    May

    Sun

    24

    May

    Mon

    25

    May

    Tue

    26

    May

    Wed

    27

    May

    Thu

    28

    May

    Fri

    29

    May

    Sat

    30

    May

    Sun

    31

    May

    Mon

    1

    Jun

    Tue

    2

    Jun

    Wed

    3

    Jun

    Thu

    4

    Jun

    Fri

    5

    Jun

    Sat

    6

    Jun

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    55a Nelson Street
    Clarington, Ontario.
    3 Beds | 3 Baths
    $849,000
    15 Aida Place
    Richmond Hill, Ontario.
    4 Beds | 4 Baths
    $1,890,000
    26 Robertson Crescent
    Waterloo, Ontario.
    3 Beds | 4 Baths
    $824,900
    341 Zeller Drive
    Kitchener, Ontario.
    4 Beds | 4 Baths
    $1,099,000
    834 Herman Way
    Milton, Ontario.
    3 Beds | 3 Baths
    $795,000
    3 Fernhill Lane
    Markham, Ontario.
    4 Beds | 4 Baths
    $999,999
    357 Baldwin Road
    Georgina, Ontario.
    3 Beds | 2 Baths
    $1,380,000
    3353 Skipton Lane
    Oakville, Ontario.
    5 Beds | 5 Baths
    $1,999,000
    35 Imogene Court
    Richmond Hill, Ontario.
    4 Beds | 5 Baths
    $1,990,000
    Loading...
    92 Rectory Street
    London East , Ontario
    7 3 $224,900
    Get more info