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Ryan Cole

ryan.cole@engelvoelkers.com +1(613) 295-2986

$ 799,999

Est. payment -/mo

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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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Ryan Cole

Advisor

+1(613) 295-2986

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