$1.05M · 10 bed Multiplex · East H, London East

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About this home

Wonderful long term investment opportunity in east London on Park Ave. Solid all brick, purpose built 6 unit building on a street where the vast majority of homes are single family. 4 - spacious 2 bedroom units above grade and 2 - 1 bedroom units in the lower level along with storage lockers for each tenant, full laundry room w/coin-op washer & dryer and dedicated mechanical room. All units are separately metered for hydro along with a common meter and hot water baseboard heating. Front and bac…

Property details

MLS#

X12483948

Status

Buy Now

Property class

Residential Freehold

Beds

Baths

5 full, 0 half

Rooms

Kitchens

Size

3500-5000Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

Full

Style

2-Storey

Type

Multiplex

Year built

—Year built not on MLS feed (often MPAC-only on broker systems)

PIN: 081140069
Roll / ARN: 393604011005500
Plan: 738

Occupancy: Tenant Occupied
Washrooms: 4 pc · Main; 4 pc · Second; 4 pc · Basement
Family room: No
Central vacuum: No
Ensuite laundry: No

Zoning: R8-1

Roof: Flat
Foundation: Concrete
Other structures: Fence - Partial, Shed
Property features: Library, Place Of Worship, Public Transit, Rec./Commun.Centre, School

Garage: None
Garage spaces: 0
Parking: 8 total
Lot: 98 × 147
Heating: Radiant
Heating fuel: Gas
Cooling: None
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Brick · Patio
Fronting on: South
Cross street: Edmonton St. and Wavell St.
Stories: —
Utilities: —
Laundry: —
Laundry level: Lower Level
Interior: Separate Hydro Meter, Storage Area Lockers
Parking features: Private

Price movement & seller pressure

↓ $200KPrice reduction

MLS shows the seller reduced the asking price by $199,900 (from $1,249,900 to $1,050,000).

Motivated SellerWhy this label

251 days on market — Listing has been active for 251 days — extended time on market can signal seller pressure.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,050,000✓ $8,416 tax✓ Gas✓ 3500-5000 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$8,127/mo

incl. closing costs (yr 1)

Annual total

$97,522

year 1

Mortgage only

$3,983/mo

principal + interest

Beyond mortgage

$2,229/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$210,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$701/mo

Utilities

Hydro / electricity$298/mo

≈ $0.07/ft² × ~4,250 ft² · ON avg ~$298/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$10,500/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$17,475

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)49% $47,801/yr

Property taxes27% $25,891/yr

Utilities7% $6,630/yr

Insurance & security2% $1,600/yr

Maintenance11% $10,500/yr

Closing costs5% $5,100/yr

Mortgage is 49% of your true cost of ownership. The other 51% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$47,801	$3,983/mo
Government & taxes
Property tax	$8,416	$701/mo
Land transfer tax(closing)	$17,475	$1,456/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$3,570	$298/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$10,500	$875/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$97,522	$8,127/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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1803 Park Avenue

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

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Annual costs