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For Sale · London East

870 Queens Avenue

London, ON · MLS® X12979630

Listing courtesy of THE AGENCY REAL ESTATE

$920,000

870 Queens Avenue — photo 1
Bedrooms
6
Bathrooms
4
Square Feet
1,500–2,000
Year Built
—
Lot Size
34 × 90 Feet
Property Type
Triplex
Neighbourhood
London East
Status
For Sale

About this home

Projected future rents for the triplex are estimated at $2,200/month for the upper level, $2,500/month for the ground level (currently owner-occupied), and $1,500/month for the basement unit, resulting in an approximate annual Net Operating Income (NOI) of $61,000; tenants pay hydro, as all units are separately metered. Seller is happy to remain as a tenant if the buyer wishes. (42562568) For reference, the seller's expense figures behind the NOI: house insurance $3,000, land care $1,000, snow removal $1,000, water heater rental $480 (taxes already in the listing).

Features

  • Basement: Finished, Full
  • Garage: None
  • 3 parking spaces
  • Cooling: None
  • Heating: Forced Air
  • 3 kitchens

Location

Approximate location, geocoded from the listing address.

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