$975,000
1 / 29
Multiplex
870 Queens Avenue
London, N5W 3H6
$850,000Price changed since it was listed
- Bedrooms
- 6
- Bathrooms
- 4
- Interior
- 1,500-2,000 ft²
- Lot
- 34 × 90 ft
- Type
- Multiplex
- On the market
- 218 days
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).
Property details
- MLS® number
- X12979630
- Property type
- Triplex
- Style
- 2-Storey
- Bedrooms
- 6
- Bathrooms
- 4
- Kitchens
- 3
- Interior size
- 1,500-2,000 ft²
- Lot
- 34 × 90 ft
- Basement
- Finished, Full
- Heating
- Forced Air, Gas
- Sewer
- Sewer
- Parking
- 3 spaces
- Exterior
- Brick, Brick Front
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
- Property taxes
- $5,544 (2025)
- Possession
- Immediate
- Cross street
- Queens Ave and Ontario Street
- Community
- East G
- Municipality
- London
Location
London, near Queens Ave and Ontario Street
870 Queens Avenue, London
Approximate location, placed by postal code. Map data © OpenStreetMap contributors, tiles by OpenFreeMap.
Mortgage estimate
$3,764a month
$170,000 down, 4.5%, 25 years
Down payment
%
Open the full calculatorAn estimate, not a quote. Under 20% down, the default insurance premium is added to the loan.
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