1071.5 Florence Street, London - East (East M) ON

About 1071.5 Florence Street

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:56071). Get more information on 1071.5 Florence Street

Property Features

Appliances:  Dryer, Stove, Washer, Refrigerator
Features:  Carpet Free
Rental Equipment:  Water Heater
Directions:  Cross Streets: EGERTON ST. ** Directions: Egerton & Florence St.
Zoning Description:  R2-2
Interior Size (Approximate):  1100 - 1500 sqft
Community Features:  School Bus
Lot (Approximate):  37.1 x 168.6 FT|under 1/2 acre 37.1 x 168.6 FT
Exterior Finish:  Brick, Vinyl siding
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Electric / None
Age (Approximate): 100+ years
Foundation: Poured Concrete
Basement:  N/A, N/A, Full, N/A (Finished) Finished

Rooms & Sizes

(Approximate)

Bedroom Second level 3.6 m x 3 m	Bedroom Second level 3.6 m x 3 m	Kitchen Second level 3 m x 2.6 m
Office Second level 3.3 m x 3 m	Bedroom Basement 3.2 m x 2.7 m	Living room Basement 2.9 m x 3.6 m
Kitchen Basement 2.9 m x 2.4 m	Living room Main level 4.7 m x 3 m	Bedroom Main level 3.3 m x 3.2 m
Kitchen Main level 3.3 m x 2.8 m