86 WILSON AVENUE, London North (North N)
$799,999
For sale: Multiplex
- Property type
- Triplex
- Bedrooms / bathrooms
- 9 bedrooms, 3 bathrooms
- Living area
- 2,000 sqft
- MLS®
- MLS® X13830312
- Neighbourhood
- North N
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.
Sold data
Multiplex homes in London North (North N) — recent sold market
Multiplex homes in London North (North N) took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 21 days and the slowest quarter taking more than 76, across 114 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 112 days.
The median sale price was $599,900.
Homes sold for about 3.9% below asking on average, so there was room to negotiate.
About 14% of sales closed above the list price.
Around 28% of sellers reduced their price before finding a buyer.
- Median days to sell
- 41
- Median sale price
- $599,900
- Sale-to-list ratio
- 96.1%
- Sold above asking
- 14%
Based on 114 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in London North (North N)
London North (North N) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
- Rated schools
- 116
- Elementary
- 97
- Secondary
- 19
- Average rating
- 5.5 / 10
Top-rated schools in London North (North N)
- John Dearness — elementary, LondonFraser rating 9.8/10
- St George — elementary, LondonFraser rating 9.1/10
- Jack Chambers — elementary, LondonFraser rating 8.8/10
- Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
- London Central — secondary, LondonFraser rating 8.7/10
- Ryerson — elementary, LondonFraser rating 8.7/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 86 WILSON AVENUE
$599,000
Multiplex531,100–1,500 sqft354 SPRUCE STREET, East H, London East
$649,000
Multiplex732,000–2,500 sqft1905 WAVELL STREET, East H, London East
$409,000
Multiplex532,000–2,500 sqft980 LORNE AVENUE, East G, London East
$630,000
Multiplex6+132,000–2,500 sqft49 PADDINGTON AVENUE, South E, London South
$549,900
Multiplex531,100–1,500 sqft28 FIFTH STREET, 773 - Lincoln/Crowland, Welland
$429,900
Semi-Detached/Link5+231,100–1,500 sqft1074 BLANCHARD ROAD, North I, London North
$599,000
Detached531,100–1,500 sqft354 SPRUCE STREET, East H, London East
$469,900
Detached4+13700–1,100 sqft794 STRAND STREET, East G, London East