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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).

Public records · not part of the MLS® listing

Before you offer: public records for this address

Looking up flood, heritage, permits and planning records…