92 Rectory Street
London East, ON
1,800 sqft • Investment • 135 days on market
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 Details
- Taxes (2025)
- $2,565
- Listed
- April 15, 2026
Price History
Listing history
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Property
- Lot Size
- 41 x 111 Feet
Location & Legal
- Cross Street
- HAMILTON AND RECTORY
- Zoning
- R2-2
- Parcel Number
- 083330003
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- to be established through tenant acknowledgements
- Exclusions
- to be established through tenant acknowledgements
- Rental Items
- water heater
Community
Postal area N5Z
- Population
- 24,067
- Private dwellings
- 11,008
- Median age
- 40
- Average household size
- 2.3
- Median household income
- $64,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in London East · last 12 months
- Median sold price
- $460,000
- Homes sold
- 1,307
- Median days on market
- 24
- Sale-to-list price
- 97.0%
Based on 1,307 recorded sales of commercial properties in London East over the last 12 months.
Listed by
CENTURY 21 FIRST CANADIAN CORP
Location
Commercial figures
- Building area
- 1,800 sq ft
- Price per sq ft
- $144.39
- Annual property tax
- $2,565
- Tax per sq ft
- $1.43
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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