LiveMLS X13589054Buy & hold

1071.5 FLORENCE STREET · Triplex

London, ON · Triplex · 3 units

$549,900listed

Workable offer

London market brief →

RentCapPrice/door

Locked, not loading — the underwrite opens with a trial or an account.

Score

DSCR

Cash to close

All-in with reserves

Sign in for the underwriteA licensed broker reads it and replies by email, usually within a business day.View on Realtor.ca

What this listing is

1071.5 FLORENCE STREET is a 3-unit triplex in London, ON, asking $549,900 — $183,300 per door.

That sits below the London band of $210k - $360k per door. A price under the band usually means condition, location, or an in-place rent roll well below market — confirm which before treating it as a discount. London cap rates screen 4.5% - 5.8% against average rent near $1,900 a door.

At 3 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

London is useful for student and small-multifamily strategies, but management and licensing drive outcomes. Investor demand reads medium, vacancy balanced.

Asking price: $549,900
Units: 3 units
Property type: Triplex
Location: London, ON
Price per door: $183,300
London cap band: 4.5% - 5.8%
London average rent: $1,900

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.