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Investment signal

$599,900

865 WILLIAM STREET

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for London East (East B). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

"Old North Duplex" was being used as a triplex. Needs a handyman to bring this gem back to its former glory. Great space with the rear addition and a partially finished basement. Would be a lovely opportunity as a live-in intro to Old North living. (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: East B
Lot dimensions: 28 x 132 FT
Bedrooms: 6 above grade
Parking: 3 total
Stories: 2
On market: Apr 25, 2026
Status changed: Apr 25, 2026
Annual tax: $5,147 (2025)
Zoning: R2-2
Photos: 24
MLS#: X13044558
Area: LONDON_EAST_(EAST_B)

Features and systems

Parking

No Garage

Basement

Partially finishedN/A

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickVinyl siding

Foundation

BlockBrick

Lot

Flat site

Community

Community Centre

Negative cash flow ~$402/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-4.02%

Cap rate

4.06%

GRM

15.1

Break-even rent

$3,723

Financing

Down payment$119,980

Loan amount$479,920

Mortgage$2,432/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$275

Insurance$80

Maintenance$500

CapEx reserve$250

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,432/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 25, 2026.