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About the Listing 371303 -
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 #1 at $1,200/month plus electricity, Unit #2 at $941/month, and Unit #3 at $729/month. A vacant double room in Unit #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 #3 includes a vacant double room, creating immediate upside. Conservative Upside Scenario: Add second room rental (est.): $600/month Projected Monthly Rent: $3,470 Projected Annual Rent: $41,640 Cap Rate (Assuming ~30% expenses typical for triplex) Current NOI: ~$24,108 Current Cap Rate: ~9.3% Pro Forma NOI: ~$29,148 Pro Forma Cap Rate: ~11.2%
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: No
- Heating: Gas Forced Air Closed
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: No Garage
Financial Details
- Tax Amount: $2,565
- Taxes w/Assessments: N/A
- Tax/Property ID: 083330003
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
92 Rectory St London, ON N5Z 1Z8
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