92 Rectory Street, London - East (East L) ON

About 92 Rectory Street

LEGAL LICENSED TRIPLEX IN THE CORE OF LONDON - HIGH-YIELD, TURNKEY OPPORTUNITY. This fully legal and licensed triplex delivers immediate cash flow with strong fundamentals and built-in upside, positioned in one of London s most accessible and high-demand rental corridors. Featuring stable, long-term tenants who are cooperative and easy to manage, this asset is ideal for investors seeking reliable income with minimal operational friction. Current rents are: Unit No.1 at $1,200/month plus electricity, Unit No.2 at $941/month, and Unit No.3 at $729/month. A vacant double room in Unit No.3 presents an immediate value-add opportunity to increase revenue from day one. Professional property management is already in place and may be retained, offering a seamless, turnkey transition. Rental license documentation is available, providing confidence and compliance for investors.Strategically located near downtown, transit, and key amenities, this property benefits from consistent tenant demand and long-term rental stability. A rare opportunity to acquire a compliant multi-family asset with strong in-place income, operational ease, and clear upside potential in a proven location. Ideal for investors looking to scale their portfolio with a low-maintenance, high-efficiency property.Unit No.3 includes a vacant double room, creating immediate upside.Conservative Upside Scenario:Add second room rental (est.): $600/month Projected Monthly Rent: $3,470Projected Annual Rent: $41,640Cap Rate (Assuming ~30% expenses typical for triplex)Current NOI: ~$24,108Current Cap Rate: ~10.7%Pro Forma NOI: ~$29,148Pro Forma Cap Rate: ~13.0% (id:56071). Get more information on 92 Rectory Street

Property Features

Features:  Carpet Free
Rental Equipment:  Water Heater
Directions:  Cross Streets: rectory and hamilton. ** Directions: south on rectory just passed the lights on hamilton and its on the left.
Interior Size:  2000 - 2500 sqft
Lot:  41 x 111 FT 41 x 111 FT
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / None
Age: 
Foundation: Concrete, Block
Basement:  N/A (Unfinished) Unfinished

Rooms & Sizes