42.9908° N · 81.2125° W — East M, London East — MLS® #X13589054
1071.5 Florence St
$549,900
East M, London East, Ontario N5W 2M7
- 4
- BedroomsBeds
- 3
- BathroomsBaths
- 1100-1500 sqft1100-1500
- SizeSq ft
- 37.09 x 168.63 ft
- Lot sizeLot
Inquire about this listing
In short · from the listing record
1071.5 Florence St is a 4-bedroom, 3-bathroom triplex in East M, London East, listed for sale at an asking price of $549,900 (MLS® X13589054).
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.
Listing readings
How it measures up
Scores from the listing record and the market around it.
73Good
Condition score
1 documented update signal
Listing age, structured features and disclosed update language; not an inspection.
51Near break-even
Cash flow quality
−$235/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Median of 17 homes with 4 bedrooms for lease in London East right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The data table
Every fact
Everything the board publishes for this home.
- Tax
- $2,716 / 2025
- MLS® number
- X13589054
- Board
- TRREB MLS®
- Property Type
- Triplex
- Building Age
- 100+
- Time on market
- Size
- 1100-1500 sqft
- Lot Size
- 37.09 x 168.63 ft
- Listed on
- Parking
- None, 4 Parking
Listing history
Listing activity for 1071.5 Florence St, London East, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $549,900 | N/A | For Sale | X13589054 |
Inside
Room by room
From the listing.
- Living3.0 × 4.7 m
- Br3.2 × 3.3 m
- Kitchen2.8 × 3.3 m
- Br3.0 × 3.6 m
- Br3.0 × 3.6 m
- Kitchen2.6 × 3.0 m
- Office3.0 × 3.3 m
- Br2.7 × 3.2 m
- Living3.6 × 2.9 m
- Kitchen2.4 × 2.9 m
Property
- Property Type
- Triplex
- Style
- 2-Storey
- Community
- East M
- Municipality
- London East
Building
- Size
- 1100-1500 sqft
- Building Age
- 100+
- Construction
- Brick
Inside
- Bedrooms
- 4
- Bathrooms
- 3
- Bathroom Details
- 1 × 4pc Main, 1 × 4pc 2nd, 1 × 4pc Bsmt
- Basement Type
- Apartment
- Kitchens
- 3
Parking
- Driveway
- Reserved/Assigned
- Garage Type
- None
- Additional Parking
- 4
- Total Parking
- 4
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Baseboard
Land
- Sewer
- Sewers
- Frontage
- 37.09 ft
- Depth
- 168.63 ft
- Lot Size
- 37.09 x 168.63 ft
Where it sits
The street and the area
Asking prices on the map.
Map and tour
Site report
What the record says
What the City and the conservation authority have on file for this address.
- provincial plansNone in rangeOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- wetlandNone in rangeNo mapped wetland within 120 m
- aggregateNone in rangeNo licensed pit or quarry within 2 km
- wellsNone in rangeNo recorded oil, gas or salt well within 250 m
- railOn recordNearest rail line: 100 m
- airportOn recordNearest airport: 5.8 km
- water wellsNone in rangeNo water-supply well recorded within 250 m 14 test or monitoring holes also recorded.
- groundwaterOn recordGroundwater recorded about 3.6 m below ground nearby The middle water level in the well records within 500 m (82 records). It changes with the season and from spot to spot.
- npriNone in rangeNo facility within 1 km reports pollutant releases to Environment Canada The nearest is Ramsden Industries Ltd., 1.0 km away. Only facilities above the inventory’s reporting thresholds are listed.
- fcsiNone in rangeNo federal contaminated site within 1 km The federal inventory covers federal land only; it says nothing about provincial or private sites.
- electricityOn recordElectricity is distributed here by London Hydro Inc.
- internet speedOn recordWired internet 50/10 Mbps or faster is listed at a household 70 m away Fixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (70 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- broadbandOn recordAcross the surrounding area: fibre to the home, cable, DSL internet listed Fibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Each record is the map at the home’s location, not an inspection. Confirm anything that matters with the municipality, Upper Thames River Conservation Authority or the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
Lot
- Lot area
- 6,254 sq ft581 m²
- Street frontage
- 37.09 ft11.3 m
- Depth
- 168.63 ft51.4 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by GeoWarehouse.
Land transfer tax on this home
- Ontario land transfer tax
- $7,473
- Total land transfer tax
- $7,473
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $3,473
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $549,900
- $2,998
- Ontario total
- $7,473
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Schools
Nearest schools
Straight-line distances. Check catchments with the board.
ElementaryEQAO average 2024–25
- Académie de la TamiseConseil scolaire ViamondeFrench-language public · grades JK–692%Grade 6 average1 km
- Trafalgar Public SchoolThames Valley DSBPublic · grades JK–835%Grade 6 average1.2 km
- Ealing Public SchoolThames Valley DSBPublic · grades JK–863%Grade 3 average1.6 km
- Blessed Sacrament Separate SchoolLondon District Catholic School BoardCatholic · grades JK–877%Grade 6 average1.7 km
SecondaryGrade 9 math 2024–25
- B Davison Secondary School Secondary SchoolThames Valley DSBPublic · grades 9–12—1.6 km
- H B Beal Secondary SchoolThames Valley DSBPublic · grades 9–1256%Grade 9 math1.9 km
- John Paul II Catholic Secondary SchoolLondon District Catholic School BoardCatholic · grades 9–1244%Grade 9 math2.2 km
- École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique ProvidenceFrench-language Catholic · grades 9–1257%Grade 9 math3.2 km
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Searches this home is in
Keep looking
The ledger
What it costs to own
Worked out for this home. Change any number.
A month, all in
$2,735
- Mortgage$2,509
- Property tax$226
A planning figure, not a quote.
Land transfer tax
$7,473
$3,473 for first-time buyers.
Rent, similar homes
$2,500
a month, median asking rent of 17 similar homes in London East.
Community
Who lives around it
Similar homes
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Shemeer AhmadVALERY REAL ESTATE INC.
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