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. (id:61499)
| MLS® Number | X13830312 |
| Property Type | Multi-family |
| Community Name | North N |
| AmenitiesNearBy | Public Transit |
| CommunityFeatures | School Bus |
| EquipmentType | Water Heater, Water Heater - Tankless |
| Features | Carpet Free |
| ParkingSpaceTotal | 9 |
| RentalEquipmentType | Water Heater, Water Heater - Tankless |
| BathroomTotal | 3 |
| BedroomsAboveGround | 8 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 9 |
| Age | 100+ Years |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater - Tankless, All, Furniture |
| ArchitecturalStyle | Bungalow |
| BasementDevelopment | Finished,partially Finished |
| BasementType | N/a (finished), N/a (partially Finished) |
| CoolingType | Central Air Conditioning, Wall Unit |
| ExteriorFinish | Wood, Concrete Block |
| FoundationType | Block, Concrete |
| HeatingFuel | Electric, Natural Gas |
| HeatingType | Forced Air, Heat Pump |
| StoriesTotal | 1 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
| Detached Garage | |
| Garage |
| Acreage | No |
| FenceType | Fenced Yard |
| LandAmenities | Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 144 Ft ,7 In |
| SizeFrontage | 55 Ft ,9 In |
| SizeIrregular | 55.8 X 144.6 Ft |
| SizeTotalText | 55.8 X 144.6 Ft |
| ZoningDescription | R2-2 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Bedroom | 3.79 m | 2.94 m | 3.79 m x 2.94 m |
| Basement | Living Room | 5.18 m | 2.94 m | 5.18 m x 2.94 m |
| Basement | Laundry Room | 2.43 m | 5.3 m | 2.43 m x 5.3 m |
| Basement | Living Room | 5.79 m | 3.86 m | 5.79 m x 3.86 m |
| Main Level | Bedroom | 2.79 m | 5.08 m | 2.79 m x 5.08 m |
| Main Level | Bathroom | 1.51 m | 2.93 m | 1.51 m x 2.93 m |
| Main Level | Living Room | 4.65 m | 2.3 m | 4.65 m x 2.3 m |
| Main Level | Kitchen | 3.53 m | 5.45 m | 3.53 m x 5.45 m |
| Main Level | Bedroom | 2.93 m | 3.99 m | 2.93 m x 3.99 m |
| Main Level | Bedroom | 4.07 m | 4.04 m | 4.07 m x 4.04 m |
| Main Level | Bedroom | 2.32 m | 3.06 m | 2.32 m x 3.06 m |
| Main Level | Bathroom | 2.32 m | 2.24 m | 2.32 m x 2.24 m |
| Main Level | Bedroom | 3.07 m | 2.46 m | 3.07 m x 2.46 m |
| Main Level | Bedroom | 3.11 m | 2.46 m | 3.11 m x 2.46 m |
| Main Level | Kitchen | 3.79 m | 4.89 m | 3.79 m x 4.89 m |
| Main Level | Bathroom | 1.59 m | 2.32 m | 1.59 m x 2.32 m |
| Main Level | Foyer | 3.95 m | 4.17 m | 3.95 m x 4.17 m |
| Main Level | Bedroom | 3.47 m | 2.63 m | 3.47 m x 2.63 m |
| Main Level | Bedroom | 4.01 m | 2.63 m | 4.01 m x 2.63 m |
| Main Level | Kitchen | 4.28 m | 3.37 m | 4.28 m x 3.37 m |
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/30329902/86-wilson-avenue-london-north-north-n-north-n
Contact us for more information
Chris Costello
Broker
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