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$ 889,000
Est. payment | /mo
6 Beds
3 Baths
$ 889,000
Est. payment | /mo
6 Beds
3 Baths
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision East B
MLS Listing ID X12121279
Style 2-Storey
Bedrooms 6
Annual Tax Amount $5,490
Tax Year 2024
Property Sub-Type Detached
Property Description
Excellent Turn-Key Investment Opportunity Walking Distance to Western University! Welcome to this solid, income-generating brick home located on a quiet, tree-lined street just minutes from the University of Western Ontario. This spacious 6 bedroom, 3 bathroom property is fully leased to 6 students at $925 inclusive/month each, generating a strong monthly rental income of $5,550, with leases in place through May 2026, and it holds a rental license through the City of London - perfect for investors seeking long-term, stable cash flow. Inside, you'll find a well-maintained home with numerous updates, including new windows (2019), updated electrical, new roof, and new laminate flooring in the kitchen. The main and upper levels feature classic hardwood flooring throughout, offering both character and durability. The oversized eat-in kitchen is well-equipped with two fridges and a freezer to accommodate shared student living. The detached garage offers additional storage options. This is a fantastic opportunity to secure a low-maintenance, fully rented investment property in one of Londons most desirable student rental locations. Whether you're a seasoned investor or just getting started, this property offers strong financials, great location, and peace of mind with solid leases in place.
Location
Province ON
County Middlesex
Community East B
Area Middlesex
Rooms
Family Room Yes
Basement Partial Basement, Unfinished
Kitchen 1
Interior
Interior Features Water Heater
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Porch, Deck
Parking Features Private
Pool None
Roof Type Shingles
Lot Frontage 40.0
Lot Depth 125.0
Total Parking Spaces 4
Building
Unit Features Fenced Yard,Public Transit,School,School Bus Route,Rec./Commun.Centre,Place Of Worship
Foundation Block
Listed by BLUE FOREST REALTY INC.