870 QUEENS AVENUE, London East (East G)
6 BEDS · 4 BATHS · 1500 - 2000 sqft
$895,000
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).
General Info
| MLS Listing ID: X12979630 | Bedrooms: 6 | Bathrooms: 4 | Year Built: 0 |
| Listing Type: Multi-family | Half Baths: N/A | Fireplace Fuel: N/A | Maintenance Fee: N/A |
| Foundation: Block | Roof: N/A | Title To Land: N/A | Parking Space Total: 3 |
| Parking: No Garage | Heating: Forced air | Size: 1500 - 2000 sqft | Air Conditioning : None |
| Home Style: N/A | Finished Floor Area: N/A | Fireplaces: N/A | Basement: Full (Finished) |
| Water Supply: Municipal water | Road Type: N/A | Pool Type: N/A |
Listed BY: JEFF WYBO, THE AGENCY REAL ESTATE
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