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London,ON N5V4Z1
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,499 sqft
Price per Sqft $526
Subdivision East G
MLS Listing ID X11986342
Style Raised bungalow
Bedrooms 6
Originating Board London and St. Thomas Association of REALTORS®
Property Sub-Type Freehold
Property Description
Prime Investment Opportunity Legal 6-Bedroom Raised Ranch Near Fanshawe College! Located in an A+ rental location, this legal 6-bedroom raised ranch is a turnkey investment with a proven track record of high demand. Just a short walk to Fanshawe College, this property has never experienced a vacancy, consistently renting well in advance of the school year.Featuring high ceilings in the basement, updated flooring, and a new furnace & A/C (2024), Washer and Dryer (2022) this home is well-maintained. With tenants currently paying utilities, this investment generates $4,800/month ($57,600 annually), offering a cash flow of $1,370/month with 25% down and a 30-year amortization. Leases are secured until May 1, 2026, ensuring stability and peace of mind for investors.A rare find in an unbeatable locationdont miss out on this high-income, low-vacancy rental property! (id:24570)
Location
Province ON
Rooms
Extra Room 1 Lower level 5.18 m X 3.35 m Bedroom
Extra Room 2 Lower level 3.96 m X 3.35 m Bedroom
Extra Room 3 Lower level 3.81 m X 3.75 m Bedroom
Extra Room 4 Lower level 5.48 m X 4.57 m Great room
Extra Room 5 Main level 4.26 m X 3.65 m Living room
Extra Room 6 Main level 4.57 m X 3.04 m Kitchen
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features Yes
Fence Fenced yard
Community Features Community Centre
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Raised bungalow
Others
Ownership Freehold