Is a triplex still residential financing in Canada?

Yes. In Canada, properties with 1–4 units qualify for residential mortgage financing. A triplex is treated as residential, which means better rates and lower down payments than commercial 5+ unit buildings.

How much down payment for a triplex in Ontario?

Owner-occupied triplexes can be purchased with as little as 10% down (insured); pure investment triplexes typically require 20% down conventional.

What kind of cash flow does a London Ontario triplex produce?

Well-bought triplexes in London Ontario commonly produce $800–$1,800/month in positive cash flow after mortgage, taxes, insurance and management.

3-Unit Property

Triplex Investing in London, Ontario

A triplex is the sweet spot for small-portfolio investors: three rental incomes, one mortgage payment, and still residential financing (1–4 units in Canada). Done right, a London Ontario triplex can replace a full-time job's worth of cash flow with a single closing.

Why triplexes are the small-investor sweet spot

Residential financing rates — not commercial — because Canada draws the line at 4 units.
Three income streams diversify vacancy risk far better than a duplex or single-family.
Economies of scale: one roof, one lot, one set of capex bills across three rents.
Lenders typically credit 50–80% of gross rents toward qualifying ratios.

Sample London Ontario triplex deal

Purchase price

$725,000

Down payment (20%)

$145,000

Gross rent (3 units)

$5,400/mo

Estimated cash flow

+$1,100/mo

Illustrative numbers only — actual results depend on rate, condition and rent mix.

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Triplex Investing in London, Ontario

Why triplexes are the small-investor sweet spot

Sample London Ontario triplex deal

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