6 Bedroom
2 Bathroom
700 - 1,100 ft2
Bungalow
Fireplace
Forced Air
$599,000
INVESTOR ALERT! INCOME-GENERATING STUDENT RENTAL WITH FUTURE DEVELOPMENT POTENTIAL!Excellent investment opportunity in London! Walking distance to university and public transit.This solid brick corner-lot bungalow offers an attractive combination of established rentalincome, a City of London rental license and potential for future income expansion.Featuring 5 bedrooms, this property is ideally suited for student accommodation. The main flooroffers a spacious eat-in kitchen, bright living room with wood-burning fireplace, 2 generouslysized bedrooms and a 3-piece bathroom. The finished lower level features a separate entrance, 3additional bedrooms, family room, 3-piece bathroom, utility room, laundry and ample storagespace.CITY-LICENSED RENTAL PROPERTY! Previously inspected by the City inspector and Fire Department.Equipped with interconnected, hardwired smoke and carbon monoxide alarms on both levels.PROVEN RENTAL COLLECTIONS:May 2024 - April 2025: $42,535May 2025 - April 2026: $37,270FUTURE DEVELOPMENT POTENTIAL! Following the 2023 City of London zoning by-law changes, theproperty may qualify for a detached garden suite, offering an opportunity to generateadditional rental income, subject to municipal approvals and permits.Additional highlights include a roof replaced in 2024, concrete parking pad and a spaciousbackyard.Whether you are looking to expand your student rental portfolio or maximize returns throughfuture development, this property offers excellent investment potential!DON'T MISS THIS OPPORTUNITY TO OWN AN INCOME-PRODUCING PROPERTY WITH ROOM TO GROW! (id:50976)
Property Details
|
MLS® Number
|
X14152220 |
|
Property Type
|
Single Family |
|
Community Name
|
North N |
|
Equipment Type
|
Water Heater |
|
Parking Space Total
|
4 |
|
Rental Equipment Type
|
Water Heater |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Above Ground
|
3 |
|
Bedrooms Below Ground
|
3 |
|
Bedrooms Total
|
6 |
|
Appliances
|
Dryer, Stove, Washer, Two Refrigerators |
|
Architectural Style
|
Bungalow |
|
Basement Features
|
Separate Entrance |
|
Basement Type
|
N/a |
|
Construction Style Attachment
|
Detached |
|
Exterior Finish
|
Brick |
|
Fireplace Present
|
Yes |
|
Flooring Type
|
Vinyl, Hardwood, Carpeted |
|
Foundation Type
|
Poured Concrete |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
1 |
|
Size Interior
|
700 - 1,100 Ft2 |
|
Type
|
House |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
120 Ft |
|
Size Frontage
|
37 Ft |
|
Size Irregular
|
37 X 120 Ft |
|
Size Total Text
|
37 X 120 Ft |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Basement |
Bedroom |
3.9 m |
2.59 m |
3.9 m x 2.59 m |
|
Basement |
Bedroom |
3.84 m |
3.44 m |
3.84 m x 3.44 m |
|
Basement |
Bedroom |
3.3 m |
2.98 m |
3.3 m x 2.98 m |
|
Main Level |
Kitchen |
4.2 m |
3.5 m |
4.2 m x 3.5 m |
|
Main Level |
Living Room |
5.15 m |
3.5 m |
5.15 m x 3.5 m |
|
Main Level |
Bedroom 2 |
3.71 m |
3.56 m |
3.71 m x 3.56 m |
|
Main Level |
Bedroom 3 |
3.9 m |
2.56 m |
3.9 m x 2.56 m |
https://www.realtor.ca/real-estate/30482647/6-gower-street-london-north-north-n-north-n
