For Sale: 86 Wilson Avenue E, London, ON - REW
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$799,999
9 bd • 3 ba • 1500 - 1999 sf • Multifamily
86 Wilson Avenue E
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$799,999
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86 Wilson Avenue ELondon, ON, N6H 1X7

West London
  • 9 Bed
  • 3 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

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:63626)
Listed by: CHRIS COSTELLO, Broker, THRIVE REALTY GROUP INC.

Home facts and features

Price details
List Price
$799,999
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Gross Taxes for 2025
$4,727
Home facts
Bedrooms
9
Full Bathrooms
3
Parking Spaces
9
Parking Details
Detached Garage, Garage
Property Type
Multifamily
Lot Size
55 ft x 144 ft (8068 ft²)
Depth
144.6 feet
Frontage
55.9 feet
Style
Bungalow
Exterior Finish
Wood, Concrete Block
Heating Type
Heat Pump, Forced air, Electric, Natural gas
Cooling
Central air conditioning, Wall unit
Basement Details
Finished, Partially finished, ,
Features
Carpet Free, Separate Electricity Meters
Appliances
All, Furniture, Water Heater - Tankless
Community
Agent details
Primary Agent
Primary Broker
THRIVE REALTY GROUP INC.
Listing details
Days on REW
1 Day
MLS® Number
X13830312
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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Purchase Price
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Jeanne-Sauvé Public School
  • Public
  • K - 8
Eagle Heights Public School
  • Public
  • JK - 8
London Central Secondary School
  • Public
  • 9 - 12
Victoria Public School
  • Public
  • JK - 8
St Georges Public School
  • Public
  • JK - 8
Catholic Central High School
  • Catholic
  • 9 - 12
St Martin School
  • Catholic
  • JK - 8
University Heights Public School
  • Public
  • JK - 8
H B Beal Secondary School
  • Public
  • 9 - 12
Ryerson Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker
CHRIS COSTELLO
Phone:
(519) 204-5055
Office:
519-204-5055
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