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$ 920,000
Est. payment /mo
Active
870 Queens AVE London East, ON N5W 3H6
6 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision East G
MLS Listing ID X12979630
Style 2-Storey
Bedrooms 6
Annual Tax Amount $5,544
Tax Year 2025
Property Sub-Type Triplex
Property 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).
Location
Province ON
County Middlesex
Area Middlesex
Rooms
Family Room No
Basement Finished, Full
Kitchen 3
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 34.0
Lot Depth 90.0
Total Parking Spaces 3
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by THE AGENCY REAL ESTATE
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