$859,900 - 84 Wilson Avenue, London North
Multi-Family for Sale in London North
44 days on market- MLS Number
- X13091582
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 44
- Bedrooms
- 8
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- London North
- Listing Brokerage
- SUTTON GROUP - SELECT REALTY
Purpose-Built All Brick City Licensed Duplex in Premium Location. Exceptional investment opportunity in a sought-after location close to Western University and the downtown core. Situated on a generous 45' x 143' deeplot, this purpose-built all-brick duplex offers strong income and long-term upside. Currently generating a cap rate of approximately , 7.7 % (see income and expense details in the document section), this property is ideal for investors looking to expand their portfolio or set their own rents with future tenant placement opportunities The upper unit features 3 bedrooms. The main level offers 3 bedrooms, and the lower level includes 2 bedrooms with a separate entrance. The main and lower levels are currently configured and used together as a 5-bedroom unit. Common laundry is located in the lower level for tenant convenience. Additional highlights include a double car garage plus 3 additional parking spaces, roof replaced in 2021, owned water heater (2016), and furnace (2016). Located in the desirable Blackfriars neighbourhood, just steps to Harris Park and the scenic Thames River, this property offers excellent lifestyle appeal with access to trails, green space, transit, schools, and downtown amenities. A rare opportunity to secure a solid, purpose-built investment proper in one of London's most desirable rental corridors. It was rented up till beginning of May for $82,200.00. It is in the process of being rented again. It has just been going thru minor renovations and sprucing up. Can be purchased along with 47 rogers ave,196 Emery st. E, AND 230 Emery st. E.
Estimate your monthly payments for this property
Estimated Payment
$4,411.73/mo
Includes CMHC insurance ($23,991)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover London North
London North is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in London North
- •Convenient location in London North
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
London North offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
84 Wilson Avenue, London North
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $430/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 44 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Excellent Flexibility
With 8 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in London North.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: London North properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,583 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.