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.
Address
86 Wilson Avenue
List Price
$799,999
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
Bungalow
Transaction Type
Sale
Area
London North
Sub-Area
North N
Region
Middlesex
Bedrooms
8 + 1
Bedrooms (Total)
9
Rooms Above Grade
15
Rooms Below Grade
4
Bathrooms
3
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
144.63
Lot Size Units
Feet
Lot Width
55.83
Parcel Number
082530122
Parcel of Tied Land
No
Occupant Type
Tenant
Cross Street
Chandler and Wilson
Approx. Age
100+ Years
MLS® Number
X13830312
Listing Brokerage
THRIVE REALTY GROUP INC.
Basement Area
Finished, Partially Finished
Postal Code
N6H 1X7
Posession Details
Flexible
Parking
Private
Parking Places (Total)
9
Parking Spaces
7
Tax Amount
$4,727.00
Tax Year
2025
Site Influences
Fenced Yard, Public Transit, School Bus Route
Interior Features
Carpet Free, On Demand Water Heater, Primary Bedroom - Main Floor, Separate Hydro Meter
Property Features
Fenced Yard, Public Transit, School Bus Route
Cable
Available
Central Vacuum
No
Family Room
Yes
Hydro
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Heritage, Unknown
Standard Status
Active
Senior Community
No
Board Or Association
London and St. Thomas Association of REALTORS
Heat Source
Electric
Heat Type
Forced Air
Cooling Features
Central Air, Wall Unit(s)
Construction Materials
Board & Batten , Concrete Block
Direction Faces
East
Fireplace
No
Foundation Details
Concrete Block, Concrete
Garage
Yes
Garage Type
Detached
Covered Spaces
2
Kitchens Total
3
Kitchens Above Grade
3
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PART LOT 3, W/S WILSON AVE. PLAN 191(W), DESIGNATED AS PART 1, 33R-14291; LONDON
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Bedroom | 2.79 x 5.08 Meters | |
| Main | Bedroom | 3.07 x 2.46 Meters | |
| Main | Bedroom | 3.11 x 2.46 Meters | |
| Main | Kitchen | 3.79 x 4.89 Meters | |
| Main | Bathroom | 1.59 x 2.32 Meters | 3 Pc Bath |
| Main | Foyer | 3.95 x 4.17 Meters | |
| Basement | Living Room | 5.79 x 3.86 Meters | |
| Main | Bedroom | 3.47 x 2.63 Meters | |
| Main | Bedroom | 4.01 x 2.63 Meters | |
| Main | Kitchen | 4.28 x 3.37 Meters | |
| Main | Bathroom | 1.51 x 2.93 Meters | |
| Basement | Bedroom | 3.79 x 2.94 Meters | |
| Basement | Living Room | 5.18 x 2.94 Meters | |
| Basement | Laundry | 2.43 x 5.3 Meters | |
| Main | Living Room | 4.65 x 2.3 Meters | |
| Main | Kitchen | 3.53 x 5.45 Meters | |
| Main | Bedroom | 2.93 x 3.99 Meters | |
| Main | Bedroom | 4.07 x 4.04 Meters | |
| Main | Bedroom | 2.32 x 3.06 Meters | |
| Main | Bathroom | 2.32 x 2.24 Meters |