39
See all 39 photos
$549,900
Est. payment /mo
4 Beds
3 Baths
New
1071.5 Florence ST London East, ON N5W 2M7
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision East M
MLS Listing ID X13589054
Style 2-Storey
Bedrooms 4
Annual Tax Amount $2,716
Tax Year 2025
Property Sub-Type Detached
Property Description
Rare opportunity to own a legal two-storey triplex on a generous 37.09 ft x 168.63 ft lot in one of London's rapidly growing neighbourhoods. The exceptional depth of the property offers a private setting, excellent long-term value, and potential for future development, subject to municipal approvals.Certified as a legal triplex by the City of London, this versatile property features two vacant units, allowing the new owner to move in, choose their own tenants, or lease immediately at current market rents. The third unit is already leased at above-market rent, providing reliable income from day one.Ideally located with a bus stop at the doorstep and within walking distance to the Hard Rock Hotel, casino, restaurants, entertainment district, and other major amenities, this property is well positioned to attract quality tenants and may also appeal to buyers considering short-term accommodation opportunities, subject to municipal regulations.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), offering added value and peace of mind.Additional features include separate entrances, separate hydro meters, four parking spaces, coin-operated laundry for additional income, and a private, tree-lined backyard with a paved patio and fire pit.Whether you're an investor seeking a strong income-producing property or an owner-occupier looking to offset your mortgage with rental income, this well-maintained legal triplex offers an outstanding combination of location, flexibility, income potential, and valuable updates.
Location
State ON
County Middlesex
Area Middlesex
Rooms
Family Room Yes
Basement Apartment, Separate Entrance, Full, Finished
Kitchen 3
Interior
Interior Features Carpet Free
Cooling None
Fireplace No
Heat Source Electric
Exterior
Parking Features Reserved/Assigned
Pool None
View Clear
Roof Type Asphalt Shingle
Lot Frontage 37.09
Lot Depth 168.63
Total Parking Spaces 4
Building
Building Age 100+
Unit Features Hospital,Library,Park,School,School Bus Route
Foundation Poured Concrete
Others
ParcelsYN No
Listed by RIGHT AT HOME REALTY
GET MORE INFORMATION