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 6 bedroom, 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:4069)
Address
232 BERNARD AVENUE
List Price
$889,000
Property Type
Single Family
Type of Dwelling
House
Area
Ontario
Sub-Area
London East (east B)
Bedrooms
6
Bathrooms
3
Floor Area
20,002,500 Sq. Ft.
Lot Size
40 x 125 FT Sq. Ft.
MLS® Number
X12121279
Listing Brokerage
BLUE FOREST REALTY INC.
Basement Area
Partial (Unfinished)
Postal Code
N6A2M8
Zoning
R1-5
Site Influences
Public Transit, Schools, Place of Worship
