92 Rectory Street, London East, ON N5Z 1Z8
London East
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%
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 92 Rectory Street, London East, ON N5Z 1Z8
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X12999786
Listed by CENTURY 21 FIRST CANADIAN CORP
On market since Apr 15, 2026
What comparable homes actually sold for in the last 12 months.
92 Rectory Street, London East, ON N5Z 1Z8 is listed for $259,900 CAD.
92 Rectory Street, London East, ON N5Z 1Z8 is a Investment, 1,800 sq ft.
92 Rectory Street, London East, ON N5Z 1Z8 is in London East, Ontario.
92 Rectory Street, London East, ON N5Z 1Z8 is currently for sale.
The annual property taxes on 92 Rectory Street, London East, ON N5Z 1Z8 are approximately $2,565 CAD.
Contact Alex Morgan at +16471112222 to arrange a private showing of 92 Rectory Street, London East, ON N5Z 1Z8 (MLS# X12999786). You can also send a message through the contact form on this site.
