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Renanza Realty
For sale

86 WILSON AVENUE

London North (North N), Ontario

MLS® X13830312

$799,999

Status
Active
Property type
Multi-family
MLS® number
X13830312
Bedrooms
9
Bathrooms
3
Year built
—

Listing description

86 Wilson Ave, London - a licensed triplex in Blackfriars, built for the investor who wants to start cash flowing now and keep building from there. Three separate units, three separate entrances off different sides of the building. Unit 1 is 3 bedrooms, 1 bathroom with a lower level living room; Unit 2 is a 2+1 bedroom, 1 bathroom unit; Unit 3 is a 3 bedroom (all on main floor), 1 bath unit.

All units are operating under a City of London rental licence, already compliant and ready to operate. This one is already earning: two of the three units are generating income today, with a third sitting vacant and ready to lease immediately - no need to wait. Add in two more available bedrooms in Unit 1, as well as the potential to improve aspects of the property and there's real upside built in from day one, without spending a dollar to unlock it.

The big-ticket items are already handled: roof and most windows replaced 2017-2018, forced-air gas furnace and central air in place, electrical separately metered per unit for cleaner operations. Steps from downtown London and the Thames river pathway system, Labatt Park, Canada Life Place and all the restaurants and shopping convenience of being downtown adjacent - the kind of location that keeps units filled and rents moving in the right direction. Three units.

Three incomes. One ready-to-go, licensed, turnkey property in a location that works. This is how a portfolio gets built.

Buyer to verify rents, utility arrangements, rental licensing status, and unit condition independently. More financial information available upon request.

Property summary

MLS® number
X13830312
Property type
Multi-family
Building type
Triplex
Land size
55.8 x 144.6 FT
Annual property taxes
$4,727.00
Parking
9 spaces · Detached Garage, Garage
Days on market
3 days

Features & details

Heating
Heat Pump, Forced air, Electric, Natural gas
Cooling
Central air conditioning, Wall unit
Basement
Finished, Partially finished, N/A, N/A
Appliances
All, Furniture, Water Heater - Tankless
Exterior features
Wood, Concrete Block
Lot features
Carpet Free
Community features
School Bus
Architectural style
Bungalow

What would this home cost you?

Based on the $799,999 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$3,722 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of THRIVE REALTY GROUP INC., LONDON.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.