6 Gower Street,London North, ON N6H 2E6
London North, ON N6H 2E6
Description
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!
Details
| MLS # | X14152220 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 8 |
| Listing Provided By | ROYAL LEPAGE FLOWER CITY REALTY | X14152220 206600 |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 2 |
| Basement | Y |
| Acreage | 0.10 |
Interior
| Interior Features | None |
|---|---|
| Cooling | Other |
| Heat Source | Gas |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Poured Concrete |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 5060 |
|---|---|
| Tax Legal Description | LOT 1, PLAN 445 (W) CITY OF LONDON |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Middlesex |
| City | London North |
| Postal Code | N6H 2E6 |
| Area | North N |
| Listing VS Median (in N6H 2E6) | |
Price: $599,000 low | high Med: $0 On site: 8 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Middlesex |
| City | London North |
| Postal Code | N6H 2E6 |
| Area | North N |
| Listing VS Median (in N6H 2E6) | |
Price: $599,000 low | high Med: $0 On site: 8 low | high Med: | |
