86 Wilson Ave, London - a licensed triplex in Blackfriars, built for the investor who wants to start cash flowing now and keep building from there. Three separate units, three separate entrances off different sides of the building. Unit 1 is 3 bedrooms, 1 bathroom with a lower level living room; Unit 2 is a 2+1 bedroom, 1 bathroom unit; Unit 3 is a 3 bedroom (all on main floor), 1 bath unit. All units are operating under a City of London rental licence, already compliant and ready to operate. This one is already earning: two of the three units are generating income today, with a third sitting vacant and ready to lease immediately - no need to wait. Add in two more available bedrooms in Unit 1, as well as the potential to improve aspects of the property and there's real upside built in from day one, without spending a dollar to unlock it.The big-ticket items are already handled: roof and most windows replaced 2017-2018, forced-air gas furnace and central air in place, electrical separately metered per unit for cleaner operations. Steps from downtown London and the Thames river pathway system, Labatt Park, Canada Life Place and all the restaurants and shopping convenience of being downtown adjacent - the kind of location that keeps units filled and rents moving in the right direction. Three units. Three incomes. One ready-to-go, licensed, turnkey property in a location that works. This is how a portfolio gets built. Buyer to verify rents, utility arrangements, rental licensing status, and unit condition independently. More financial information available upon request.
Under Contract:
Tankless Water Heater
Property Type:
Residential Freehold
Property Sub Type:
Triplex
Home Style:
Bungalow
Approx. Age:
100+
Total Approx Floor Area:
1500-2000
Lot Depth:
144'7½"44.1 m
Lot Frontage:
55'10"17 m
Direction Faces:
East
Bedrooms:
8+1
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
3
Bedrooms Above Grade:
8
Bedrooms Below Grade:
1
Kitchens Above Grade:
3
Rooms Above Grade:
15
Rooms Below Grade:
4
Fractional Ownership:
No
Zoning:
R2-2
Assignment:
No
Heating type:
Forced Air
Heating Fuel:
Electric
Foundation:
Concrete Block, Concrete
Roof:
Asphalt Shingle
Basement:
Finished, Partially Finished
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
2.0
Parking Features:
Private
Parking Spaces:
7
Total Parking Spaces:
9.0
Family Room:
Yes
Possession Details:
Flexible
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Taxes:
$4,727 /
2025
Assessment:
$- /
2025
Middlesex
London North
North N
Fenced Yard, Public Transit, School Bus Route
Carpet Free, On Demand Water Heater, Primary Bedroom - Main Floor, Separate Hydro Meter
Tankless Hot Water Heater
All appliances on-site; Misc furniture items on site
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