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86 Wilson Avenue London North, Ontario N6H 1X7

9 Bedroom 3 Bathroom 1500 - 2000 sqft
Bungalow Central Air Conditioning, Wall Unit Forced Air, Heat Pump

$799,999

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)

Property Details

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

Building

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

Parking

Detached Garage
Garage

Land

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

Rooms

Level Type Dimensions
Basement Bedroom 3.79 m x 2.94 m
Basement Living Room 5.18 m x 2.94 m
Basement Laundry Room 2.43 m x 5.3 m
Basement Living Room 5.79 m x 3.86 m
Main Level Bedroom 2.79 m x 5.08 m
Main Level Bathroom 1.51 m x 2.93 m
Main Level Living Room 4.65 m x 2.3 m
Main Level Kitchen 3.53 m x 5.45 m
Main Level Bedroom 2.93 m x 3.99 m
Main Level Bedroom 4.07 m x 4.04 m
Main Level Bedroom 2.32 m x 3.06 m
Main Level Bathroom 2.32 m x 2.24 m
Main Level Bedroom 3.07 m x 2.46 m
Main Level Bedroom 3.11 m x 2.46 m
Main Level Kitchen 3.79 m x 4.89 m
Main Level Bathroom 1.59 m x 2.32 m
Main Level Foyer 3.95 m x 4.17 m
Main Level Bedroom 3.47 m x 2.63 m
Main Level Bedroom 4.01 m x 2.63 m
Main Level Kitchen 4.28 m x 3.37 m

Utilities

Cable Available
Electricity Installed
Sewer Installed

https://www.realtor.ca/real-estate/30329902/86-wilson-avenue-london-north-north-n-north-n

Interested?

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Chris Costello
Broker


Thrive Realty Group Inc.
660 Maitland Street
London, Ontario N5Y 2V8

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