$920,000
↓ $280,000 from $1,200,000
Est. payment $4,074/moCalculate yours
870 Queens Avenue, London East, ON N5W 3H6
East, London, ON N5W 3H6
- 6 Beds
- 4 Baths
- 1,500 Sq Ft
Listing courtesy of THE AGENCY REAL ESTATE MLS® X12979630
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
Overview
- Property Type
- Triplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 1,500 sqft
Interior
- Bedrooms
- 6
- Bathrooms
- 4
- Kitchens
- 3
- Basement
- Finished, Full
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- None
- Exterior
- Brick, Brick Front
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 34 x 90 Feet
- Parking
- None garage · 3 total
Financial
- Property Taxes
- $5,544 (2025)
Location
- Neighbourhood
- East
- Cross Street
- Queens Ave and Ontario Street
- Direction Faces
- East
Listing
- MLS® Number
- X12979630
- Days on Market
- 192
- Listed On
- 2026-04-09
- Possession
- Immediate
- Listed By
- THE AGENCY REAL ESTATE
Features
Interior
- None
Pool
- None
- Included
- 3 washers, 3 dryers, 3 stoves
- Rental items
- Water Heater
Mortgage calculator
Estimated mortgage payment
$4,074 per month
- Principal and interest
- $4,074
- Property tax
- $462
- Condo fees
- $0
- Estimated monthly cost
- $4,536
Your mortgage
- Mortgage amount
- $736,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $486,068
Cash to close
- Down payment
- $184,000
- Land transfer tax
- $14,875
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $198,875
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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