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:4069)
Address
86 WILSON AVENUE
List Price
$799,999
Property Type
Multi-family
Type of Dwelling
Triplex
Style of Home
Bungalow
Transaction Type
Sale
Area
Ontario
Sub-Area
London North (north N)
Bedrooms
9
Bathrooms
3
Floor Area
1500 - 2000 Sq. Ft.
Lot Size
55.8 x 144.6 FT Sq. Ft.
Lot Depth
144 ft ,7 in
Frontage Length
55 ft ,9 in
MLS® Number
X13830312
Listing Brokerage
THRIVE REALTY GROUP INC.
Basement Area
N/A (Finished), N/A (Partially finished)
Postal Code
N6H1X7
Zoning
R2-2
Parking Places (Total)
9
Site Influences
Public Transit
Features
Carpet Free
Community Features
School Bus
Appliances
Water Heater - Tankless, All, Furniture
Amenities
Separate Electricity Meters
Heat Source
Electric, Natural gas
Heat Type
Forced air, Heat Pump
Cooling Features
Central air conditioning, Wall unit
Foundation Details
Block, Concrete
Number Of Floors In Building
1
Water Source
Municipal water
Sewer
Sanitary sewer
