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    For Sale - 870 Queens Avenue, London East, Ontario

    Est payment $4,418/mo
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    Views   2
    Time on Jump  197 day

    AI Summary *

    • Triplex with projected rents totaling approximately $6,200/month.
    • Estimated annual net operating income around $61,000 for investors.
    • All units separately metered, tenants cover hydro costs.
    • Seller open to remaining as tenant for buyer's convenience.
    • Low maintenance expenses including insurance and land care.




    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, snow removal $1, water heater rental $480 (taxes already in the listing).
    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

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

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    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    870 Queens Avenue
    London East , Ontario
    6 4 $920,000
    Get more info