Living (3.0 × 4.7)
Level: Main
1071.5 Florence St
East M, London East, Ontario N5W 2M7
Description
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13589054
- Board
- TRREB MLS®
- Days on market
- Tax
- $2,716
- Size
- 1100-1500 sqft
- Lot
- 37.09 × 168.63 Feet
- Parking
- None, 4 Parking
Listing History
Buy/Sell history for 1071.5 Florence St, London East, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $549,900 | N/A | For Sale | X13589054 |
Estimated Market Value
Estimated value requires sign in
AI market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
Property Details
Property
- Property Type
- Triplex
- Style
- 2-Storey
- Community
- East M
- Municipality
- London East
Inside
- Bedrooms
- 4
- Bathrooms
- 3
- Bathroom Detail
- 1, 4pc, Main
- Bathroom Detail
- 1, 4pc, 2nd
- Bathroom Detail
- 1, 4pc, Bsmt
- Basement Type
- Apartment
- Kitchens
- 3
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Baseboard
Building
- Size
- 1100-1500 sqft
- Construction
- Brick
Parking
- Driveway
- Reserved/Assigned
- Garage Type
- None
- Add. Parking
- 4
- Total Parking
- 4
Land
- Sewer
- Sewers
- Lot Size
- 37.09 × 168.63 Feet
- Lot Size Code
- Feet
Additional
- Year built
- 100+
- Foundation
- Block
- Roof
- Asphalt Shingle
- Fireplace
- N
- Pool
- None
- Den
- Y
- Family room
- Y
- Extras
- 3 Stove, 3 Refrigerator, Washer, Dryer
Rooms (10)
Br (3.2 × 3.3)
Level: Main
Kitchen (2.8 × 3.3)
Level: Main
Br (3.0 × 3.6)
Level: 2nd
Br (3.0 × 3.6)
Level: 2nd
Kitchen (2.6 × 3.0)
Level: 2nd
Office (3.0 × 3.3)
Level: 2nd
Br (2.7 × 3.2)
Level: Bsmt
Living (3.6 × 2.9)
Level: Bsmt
Kitchen (2.4 × 2.9)
Level: Bsmt
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
13 records read 6 on record nearby 7 checked, none on recordRead 2026-10-27
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m14 test or monitoring holes also recorded.
- Groundwater recorded about 3.6 m below ground nearbyThe middle water level in the well records within 500 m (82 records). It changes with the season and from spot to spot.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 5.8 km
Province of Ontario open data
Around the home
- Nearest rail line: 100 m
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Ramsden Industries Ltd., 1.0 km away. Only facilities above the inventory’s reporting thresholds are listed.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by London Hydro Inc.
- Wired internet 50/10 Mbps or faster is listed at a household 70 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (70 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
Comparable Sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$2,521
- Down payment$109,980
- Mortgage amount$439,920
- Total interest$316,380
- Total cost$866,280
Cash flow analysis
$2,521
Total monthly payment
$2,747
Break-even down payment
100%
Cash flow-$2,747
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
04 / Local performanceMarket detailsNeighbourhood price and activity trends
Expand Market details to load neighbourhood price and activity trends.
$549,900
$549,900
CAD
Estimated market value
Similar active listings
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.