Property Information:
Attention Investors! Rare 6 bedroom investment property located in A+ location directly across from Kings College/UWO. This impressive property is currently leased out for $6,570/month plus utilities and is perfect for investors looking for a turnkey property with strong cash flow. This property has always been rented with ease based on the location and bedroom sizes and has never seen a vacancy since the owner has taken possession. The current lease is from May 1, 2024 April 30, 2025 and generates $78,840/year in rental revenue, representing a cap rate of 8.0% at the current list price. The house includes 2 large bedrooms on the main level, 3 spacious bedrooms upstairs and 1 bedroom in the lower level. Each floor conveniently has a full bathroom and there is a large laundry room in the basement. Fantastic covered porch at front of home and deep private drive with single car garage provides for ample parking. The fully fenced backyard is great for entertaining and includes a custom built deck and large grass area perfect for activities. Recent updates include Roof (2020), 3 energy efficient ductless split units for heating & cooling (2019), Gas boiler updated (2012) and painting & lighting throughout. This property is conveniently located on a bus route and walking distance to UWO, Gibbons Park, Downtown London and the Masonville Mall district. (id:27)
Building Features:
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Style:
Detached
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Building Type:
House
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Air Conditioning:
Yes
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Basement Development:
Finished
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Basement Type:
Full
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Construction Style - Attachment:
Detached
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Exterior Finish:
Brick, Vinyl siding
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Foundation Type:
Poured Concrete
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Heating Type:
Hot water radiator heat
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Heating Fuel:
Natural gas
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Cooling Type:
Wall unit
