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
- —
1 / 35Listing 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.
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.