view of front of home with a chimney, a porch, and a front lawn Features: porch, gutters, lawn, downspout, chimney

More Photos More Photos

view of front of property with a front lawn, a porch, a chimney, and stucco siding Features: stucco siding, porch, lawn, chimney

view of property exterior featuring a porch, brick siding, a yard, and a chimney Features: porch, brick siding, central ac, downspout, chimney, concrete block foundation, lawn

view of property exterior featuring brick siding, a chimney, and a porch Features: fence, chimney, gutters, brick siding, downspout, porch

view of side of home featuring brick siding and a chimney Features: gutters, brick siding, concrete foundation, downspout, electric meter, chimney, fence, horizontal siding

fenced backyard featuring outdoor dining space and a patio area Features: outdoor dining area, fence, patio

kitchen featuring dishwasher, crown molding, wood finish cabinets, light tile patterned floors, and stainless steel range Features: range oven, tile floor, baseboards wall, natural light, shaker cabinets, stone countertops, medium brown cabinets, crown molding cabinets, dishwasher, drywall, crown molding, sink

kitchen with white electric range, freestanding refrigerator, wood finish cabinets, crown molding, and light tile patterned flooring Features: refrigerator, range oven, medium brown cabinets, crown molding cabinets, baseboards wall, crown molding, shaker cabinets, tile floor, stone countertops, drywall, range hood

full bath featuring bathtub / shower combination and light wood finished floors Features: full bathroom, baseboards wall, toilet, drywall, combined bath shower, wood finish floor

full bath featuring vanity, shower / bathtub combination, and tile walls Features: mirror, tile wall, drywall, tile floor, combined bath shower, natural light, full bathroom, vanity, sink

bathroom with vanity and light wood-style flooring Features: mirror, drywall, vanity, half bathroom, wood finish floor, baseboards wall, natural light, sink

kitchen with white range with electric cooktop, wood finish cabinetry, light wood-style floors, and freestanding refrigerator Features: range oven, medium brown cabinets, stone countertops, wood finish floor, refrigerator, visible hinge cabinets, baseboards wall, raised cabinets, drywall, sink

unfurnished living room featuring dark wood-style flooring, healthy amount of natural light, and a brick fireplace Features: natural light, baseboards wall, wood finish floor, fireplace, vent, drywall

corridor featuring an upstairs landing, light wood-style floors, a textured ceiling, and crown molding Features: natural light, baseboards wall, crown molding, wood finish floor, drywall, upstairs landing, textured ceiling

kitchen featuring white electric range, freestanding refrigerator, wood finish cabinets, dark stone countertops, and ornamental molding Features: medium brown cabinets, tile floor, range hood, crown molding cabinets, stone countertops, crown molding, drywall, shaker cabinets, sink, refrigerator, baseboards wall, range oven

kitchen with wood finish cabinetry, white dishwasher, crown molding, light tile patterned floors, and pendant lighting Features: medium brown cabinets, pendant lighting, shaker cabinets, drywall, crown molding cabinets, sink, baseboards wall, tile floor, dishwasher, stone countertops, natural light, crown molding

kitchen with white appliances, white cabinetry, dark countertops, dark wood finished floors, and recessed lighting Features: range hood, countertops, baseboards wall, drywall, refrigerator, wood finish floor, textured ceiling, recessed lighting, range oven, white cabinets, sink

kitchen with dark countertops, white appliances, light wood-type flooring, exhaust hood, and a textured ceiling Features: refrigerator, range hood, countertops, drywall, recessed lighting, textured ceiling, range oven, brick wall, opens to living area, baseboards wall, wood finish floor, white cabinets, smoke carbon monoxide detector, vent

empty room featuring brick wall, recessed lighting, a textured ceiling, and dark wood-style flooring Features: recessed lighting, drywall, brick wall, baseboards wall, textured ceiling, basement, wood finish floor

kitchen with white appliances, recessed lighting, white cabinets, dark countertops, and light wood-type flooring Features: natural light, refrigerator, wood finish floor, range oven, recessed lighting, countertops, textured ceiling, drywall, white cabinets, basement, baseboards wall, flat panel cabinets

unfurnished room featuring light wood-style floors, a textured ceiling, and recessed lighting Features: baseboards wall, low ceiling, textured ceiling, drywall, range oven, wood finish floor, recessed lighting

below grade area featuring light wood finished floors, a textured ceiling, and recessed lighting Features: basement, natural light, baseboards wall, drywall, wood finish floor, recessed lighting, vent, textured ceiling, smoke carbon monoxide detector

bathroom featuring vanity, a shower stall, dark wood finished floors, and recessed lighting Features: shower, vanity, vent, wood finish floor, drywall, mirror, full bathroom, baseboards wall, recessed lighting, toilet

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For Sale - 870 Queens Avenue, London East, Ontario

870 Queens Avenue

London East , Ontario

6 4 $920,000

Est payment $4,418/mo

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Time on Jump 135 day

AI Summary *

Projected rental income of $2,200/month for the upper unit.
Ground level expected to rent for $1,800/month.
Basement unit could generate $1,500/month in rent.
Estimated annual Net Operating Income of $57,000.
All units are separately metered for tenant convenience.

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Purchase Price

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Down Payment:
$ 46,000 ( 5% )

First Time Buyer:
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New Build:
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Projected future rents for the triplex are estimated at $2,200/month for the upper level, $1,800/month for the ground level, and $1,500/month for the basement unit, resulting in an approximate annual net operating income (noi) of $57,000; tenants pay hydro, as all units are separately metered. Interior photos taken before current tenants moved in, come see the potential in person.

Listing IDX12979630

Address870 Queens Avenue

CityLondon East, Ontario

Price$920,000

Bed / Bath6 / 4 Full

Style2-Storey, Triplex

ConstructionBrick, Brick Front

TypeMulti-Family

StatusFor Sale

Extras

Subtype TriplexIndoor Features NoneOwnership FreeholdBasement Finished, FullFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

Market Info

Parking 3.00

Listing Agency:
THE AGENCY REAL ESTATE

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For Sale - 870 Queens Avenue, London East, Ontario

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