CAONLondonEast London1071.5 Florence St
Listing image | Image 1

1071.5 Florence St, London, ON

House

For Sale

Listed price in listed location currency (CAD).
$549,900

434

MLS® X13589054

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Triplex
Levels Residential
Size -
Garage None
Taxes $2,716
Days Active 19
Lot Size 
Approx. Age 
MLS® Number X13589054

Property Address: 1071.5 Florence St, London, ON, N5W2M7

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

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.
MLS® NumberX13589054
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
BasementApartment, Separate Entrance, Full, Finished
DrivewayGarage Type:None
Garage Spaces
HeatElectric, Baseboard
A/CNone

Extras

Rooms

Change to metres

Kitchen:Basement7.88 × 9.52 ft

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 21, 2026List Date
$549,900List Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price

Home Appraisal

This property is estimated to sell between: $473,000 and $589,000.
Similar properties in this area sold on average for: $473,541
Expected to sell very soon! Similar properties sold in 16 days. This home has been on eXp Realty for 19 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Starting Address
Destination Address
1071.5 Florence St, London, ON

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