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86 Wilson AVE London North, ON N6H 1X7
9 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision North N
MLS Listing ID X13830312
Style Bungalow
Bedrooms 9
Annual Tax Amount $4,727
Tax Year 2025
Property Sub-Type Triplex
Property 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.
Location
Province ON
County Middlesex
Area Middlesex
Zoning R2-2
Rooms
Basement Finished, Partially Finished
Kitchen 3
Interior
Interior Features Carpet Free, On Demand Water Heater, Primary Bedroom - Main Floor, Separate Hydro Meter
Cooling Central Air, Wall Unit(s)
Inclusions All appliances on-site; Misc furniture items on site
Exterior
Parking Features Detached
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 9
Building
Building Age 100+
Foundation Concrete Block, Concrete
Others
ParcelsYN No
Lited by THRIVE REALTY GROUP INC.
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