Triplex · For sale
870 Queens Avenue, London East
$920,000
Listing brokerage: THE AGENCY REAL ESTATE · MLS® X12979630
Property report for this address · zoning, second units, flood, schools (public records)
- Listing brokerage
- THE AGENCY REAL ESTATE
- Type
- Triplex
- Deal
- For sale
- Category
- Residential · Multi-unit homes
- Bedrooms
- 6
- Bathrooms
- 4
- Size
- 1500-2000 sq ft
- Lot
- 34 x 90 ft
- Area
- East G
- MLS® number
- X12979630
Description
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).
The information provided herein is deemed reliable but is not guaranteed accurate by 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.
Public records · not part of the MLS® listing
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