For Sale: 1071-5 Florence Street, London, ON - REW
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$549,900
4 bd • 3 ba • 1100 - 1499 sf • House
1071-5 Florence Street
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$549,900
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1071.5 Florence StreetLondon, ON, N5W 2M7

East London
  • 4 Bed
  • 3 Bath
  • 1100 - 1499 Sqft
  • House

About this home

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. (id:63626)
Listed by: SAIJAN VARGHESE MUTOONNY, Salesperson, RIGHT AT HOME REALTY

Home facts and features

Price details
List Price
$549,900
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Gross Taxes for 2025
$2,716
Home facts
Bedrooms
4
Full Bathrooms
3
Parking Spaces
4
Parking Details
No Garage
Property Type
House
Depth
168.6 feet
Frontage
37.1 feet
Title
Freehold
Exterior Finish
Brick, Vinyl siding
Heating Type
Baseboard heaters, Electric
Basement Details
Finished, Full, Apartment in basement, Separate entrance, , ,
Features
Carpet Free
Appliances
Dryer, Refrigerator, Stove, Washer
Community
Agent details
Primary Agent
Primary Broker
RIGHT AT HOME REALTY
Listing details
Days on REW
1 Day
MLS® Number
X13589054
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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25 Years
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Property Insights

Académie de la Tamise
  • Public
  • JK - 6
Holy Cross School
  • Catholic
  • JK - 8
Trafalgar Public School
  • Public
  • JK - 8
St Mary School
  • Catholic
  • 5 - 8
Lester B Pearson School for the Arts
  • Public
  • 4 - 8
B Davison Secondary School
  • Public
  • 9 - 12
Aberdeen Public School
  • Public
  • JK - 8
East Carling Public School
  • Public
  • JK - 8
Blessed Sacrament School
  • Catholic
  • JK - 8
Ealing Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
SAIJAN VARGHESE MUTOONNY
Phone:
519-601-5199
Cell:
226-448-2634
Office:
519-649-6900
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.