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 5 bedroom plus den, 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. (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Property Attached:
No
Living Area (Min):
1,999 sq. ft.186 m2
Living Area (Max):
2,499 sq. ft.232 m2
Zoning:
R1-5
Taxes:
$5,490 /
-
Community:
East B
Exterior Features:
Brick, Vinyl siding
Community Features:
School Bus, Community Centre
Structure Type:
House
Appliances Included:
Dishwasher, Stove, Freezer, Water Heater, Two Refrigerators
Data was last updated June 1, 2025 at 11:15 AM (UTC)
Area Statistics
Listings on market:
43
Avg list price:
$579,000
Min list price:
$250,000
Max list price:
$1,599,000
Avg days on market:
25
Min days on market:
1
Max days on market:
178
Avg price per sq.ft.:
$584.91
These statistics are generated based on the current listing's property type
and located in
East B. Average values are
derived using median calculations.
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