CAONLondon East92 Rectory Street
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92 Rectory Street, London East, ON

House

For Sale

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008

MLS® X12999786

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 1800 sqft
Garage None
Taxes $2,565
Days Active 1
Lot Size 
Approx. Age 
Avg. Price Per Sqft $144
MLS® Number X12999786

Property Address: 92 Rectory Street, London East, ON, N5Z1Z8

Average square foot calculated using Size range provided by listing agent.

Description

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%Show Description
MLS® NumberX12999786
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
Basement
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
  • Commute

Commute

Starting Address
Destination Address
92 Rectory Street, London East, ON

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