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About the Listing 377101 -
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).
Listing Highlights for 870 Queens Ave
Status
Active
Days on Site
192
Property Type
Multi-Family
MLS ®
X12979630
Year Built
Total Square Footage
1,500
Lot/Acreage
0.07
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Gas
- Fireplaces:
- Floor:
- Basement: Finished,Full
- Other: 3 Kitchens
- Water:
Exterior Details
- Garage Capacity: 1 car
- Roof: Asphalt Shingle
- Others:
- Sewer: Sewer
- Parking Features: Private,No Garage
Financial Details
- Tax Amount: $5,544
- Taxes w/Assessments: N/A
- Tax/Property ID: 082820113
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
870 Queens Ave London, ON N5W 3H6
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