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For saleMLS® X12979630

870 Queens Avenue

London, N5W 3H6

$920,000

Bedrooms
6
Bathrooms
4
Interior
1,500-2,000 ft²
Lot
34 × 90 ft
Type
Multi-unit

About this home

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).

Property details

Property type
Triplex
Ownership
Freehold
Style
2-Storey
Property taxes
$5,544 (2025)
Heating
Forced Air, Gas
Basement
Finished, Full
Parking
3 spaces
Sewer
Sewer
Lot
34 × 90 ft lot
Time on market
207 days on market

Features

Outside

  • Brick
  • Brick Front
  • Asphalt Shingle roof

Location

Thinking about the area? Read my guide to Old East Village.

Estimate your payment

20% down. The minimum on this price is $67,000.

Your monthly payment

$4,074

Mortgage amount
$736,000
Interest over the amortization
$486,068

An estimate at a fixed rate compounded twice a year, with default insurance under 20% down. Your lender sets the real numbers, and I am happy to put you in touch with a mortgage professional.

Listing brokerage: THE AGENCY REAL ESTATE.

Listing courtesy of the London and St. Thomas Association of REALTORS. MLS® X12979630.

Measurements are deemed reliable but not guaranteed.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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.

Listing data provided under copyright by the London and St. Thomas Association of REALTORS and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Allan Congo is a Sales Representative with Century 21 First Canadian Corp., Brokerage. Each office independently owned and operated.

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