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.
4 bedrooms, 3 bathrooms, about 1,100 sq ft, works out to roughly $500 per square foot. Chat with Zara if you'd like a deeper read on whether this triplex fits your budget and timing.
Inside 1071.5 Florence St
Every detail from the listing, in one place.
Type
Triplex
Style
2-Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
4 spaces
Basement
Apartment, Separate Entrance
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Apartment · Separate Entrance
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Triplex
1071.5 Florence St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,701
/mo
based on the purchase price of $549,900
$109,980 cash
$439,920 financed
$370,528 total interest
Principal54%$439,920
Interest46%$370,528
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in London
Other 3–7 bed homes for sale in London around $550K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.1%On average, homes sold below asking.
Active listings2,430Homes for sale here right now.
Median vs prior 90 days−2.2%Compared with May 14 – Aug 12, 2026: prices down.
Based on 1,724 sales from Aug 12 – Nov 10, 2026 (1,546 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1071.5 Florence St
How much is 1071.5 Florence St listed for?
1071.5 Florence St is listed at $549,900 (MLS® X13589054). Summitly updates the price as soon as the MLS® record changes.
Is $549,900 a good price for 1071.5 Florence St?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1071.5 Florence St changed?
No — 1071.5 Florence St is still listed at its original asking price of $549,900.
How many bedrooms and bathrooms does 1071.5 Florence St have?
1071.5 Florence St has 4 bedrooms and 3 bathrooms, with about 1,100–1,500 square feet of living space. It is a triplex in London.
How much would the monthly mortgage be on 1071.5 Florence St?
About $2,701 a month — principal and interest on $549,900 with 20% down ($109,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1071.5 Florence St compare with other homes in London?
Its asking price of $549,900 is about the same as the median sold price in London over the last 90 days, $555,500, across 1,724 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1071.5 Florence St been sold before?
Yes — Summitly has 1 earlier MLS® listing of 1071.5 Florence St on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 1071.5 Florence St?
1071.5 Florence St is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1071.5 Florence St been on the market?
112 days — 1071.5 Florence St was listed on July 21, 2026.
What is the price per square foot of 1071.5 Florence St?
About $367 to $500 per square foot: the asking price of $549,900 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 1071.5 Florence St have parking or a garage?
Yes — the listing gives 4 parking spaces.
Does 1071.5 Florence St have a basement, and is it finished?
The listing describes the basement as: Apartment, Separate Entrance.
