1071.5 Florence Street, London East, ON N5W 2M7
East M, London East · Near EGERTON ST. · View map
About this home
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.
The home
- Type
- Triplex
- Style
- 2-Storey
- Square footage
- 1100-1500 sq ft
- Bedrooms
- 4
- Bathrooms
- 3
- Kitchens
- 3
- Rooms
- 10
- Basement
- Apartment, Separate Entrance, Full, Finished
- Lot size
- 37.1 x 168.6 ft
- Faces
- North
- View
- Clear
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick, Vinyl Siding
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Baseboard
- Fireplace
- No
Garage & parking
- Driveway spaces
- 4
- Total parking
- 4
- Parking features
- Reserved/Assigned
Taxes & other
- Property taxes
- $2,716/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- EGERTON ST.
- Neighbourhood
- East M
More
- Price per sq ft
- ~$423 (at 1,300 sq ft)
- MLS® number
- X13589054
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The home and its surroundings
- Carpet Free
- Hospital
- Library
- Park
- School
- School Bus Route
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
1071.5 Florence Street, London East, ON N5W 2M7
East M, London East · Near EGERTON ST.
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Listing history for 1071.5 Florence Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 1071.5 Florence Street
Answers come straight from this home’s MLS® listing.
How much is 1071.5 Florence Street listed for, and what would it cost each month?
1071.5 Florence Street is listed for $549,900. With 20% down ($109,980), the mortgage payment would be roughly $2,218 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,444 a month, all in. That figure is an illustration, not a quote.
Is 1071.5 Florence Street freehold or a condo, and is there a monthly fee?
1071.5 Florence Street is a triplex in East M, London East. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 1071.5 Florence Street have?
1071.5 Florence Street has 4 bedrooms and 3 bathrooms. The listing gives the style as 2-storey.
Does 1071.5 Florence Street have a garage and parking?
The listing does not show a garage. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 1071.5 Florence Street have a finished basement?
The listing describes the basement as apartment, separate entrance, full, finished. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 1071.5 Florence Street?
1071.5 Florence Street is a triplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 1071.5 Florence Street, and what is the lot size?
The listing puts the home between 1,100 and 1,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 37.1 x 168.6 ft.
How is 1071.5 Florence Street heated and cooled?
Heating is baseboard (electric). The listing does not show air conditioning.
What are the property taxes for 1071.5 Florence Street?
Property taxes are $2,716 a year (2025), or about $226 a month.
Where is 1071.5 Florence Street?
1071.5 Florence Street is in the East M community of London East. The nearest main intersection is EGERTON ST.. The postal code is N5W 2M7.
Is 1071.5 Florence Street still for sale?
Yes. It is an active listing (MLS® X13589054). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 1071.5 Florence Street asking?
Similar properties for sale nearby right now include 352 Avondale Road at $619,900 (4 bed), 453 Bathurst Street at $619,900 (4 bed) and 186 Clarence Street at $399,900 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 1071.5 Florence Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 1071.5 Florence Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near East M, picked by style, size and price.
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Duplex$619,900453 Bathurst Street, London East4 bed · 2 bath · East KCourtesy of: SUTTON GROUP PREFERRED REALTY INC.View home →
Triplex$399,900186 Clarence Street, London East4 bed · 3 bath · East KCourtesy of: CENTURY 21 FIRST CANADIAN CORPView home →Courtesy of: RIGHT AT HOME REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.