9 Bedroom
3 Bathroom
1,500 - 2,000 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:50169)
Property Details
|
MLS® Number
|
X13830312 |
|
Property Type
|
Multi-family |
|
Community Name
|
North N |
|
Amenities Near By
|
Public Transit |
|
Community Features
|
School Bus |
|
Equipment Type
|
Water Heater, Water Heater - Tankless |
|
Features
|
Carpet Free |
|
Parking Space Total
|
9 |
|
Rental Equipment Type
|
Water Heater, Water Heater - Tankless |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
8 |
|
Bedrooms Below Ground
|
1 |
|
Bedrooms Total
|
9 |
|
Age
|
100+ Years |
|
Amenities
|
Separate Electricity Meters |
|
Appliances
|
Water Heater - Tankless, All, Furniture |
|
Architectural Style
|
Bungalow |
|
Basement Development
|
Finished,partially Finished |
|
Basement Type
|
N/a (finished), N/a (partially Finished) |
|
Cooling Type
|
Central Air Conditioning, Wall Unit |
|
Exterior Finish
|
Wood, Concrete Block |
|
Foundation Type
|
Block, Concrete |
|
Heating Fuel
|
Electric, Natural Gas |
|
Heating Type
|
Forced Air, Heat Pump |
|
Stories Total
|
1 |
|
Size Interior
|
1,500 - 2,000 Sqft |
|
Type
|
Triplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Fence Type
|
Fenced Yard |
|
Land Amenities
|
Public Transit |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
144 Ft ,7 In |
|
Size Frontage
|
55 Ft ,9 In |
|
Size Irregular
|
55.8 X 144.6 Ft |
|
Size Total Text
|
55.8 X 144.6 Ft |
|
Zoning Description
|
R2-2 |
Rooms
| 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 |
Utilities
|
Cable
|
Available |
|
Electricity
|
Installed |
|
Sewer
|
Installed |
https://www.realtor.ca/real-estate/30329902/86-wilson-avenue-london-north-north-n-north-n