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    For Sale - 6 Gower Street, London North, Ontario

    Est payment $2,876/mo
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    Views   2
    Time on Jump  1 days

    AI Summary *

    • Five-bedroom brick bungalow suited to student rentals, within walking distance of a university and public transit.
    • Finished lower level offers a separate entrance, three bedrooms, family room, bathroom, laundry, and storage.
    • City-licensed rental with interconnected hardwired smoke and carbon monoxide alarms on both levels.
    • Potential for a detached garden suite, subject to municipal approvals and permits.
    • Recent roof replacement, concrete parking pad, and spacious backyard.




    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!
    Listing IDX14152220
    Address6 Gower Street
    CityLondon North, Ontario
    Price$599,000
    Bed / Bath6 / 2 Full
    StyleBungalow, Detached
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features NoneOwnership FreeholdBasement Separate EntranceFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 4.00
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    Listing Brokerage: ROYAL LEPAGE FLOWER CITY REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    6 Gower Street
    London North , Ontario
    6 2 $599,000
    Get more info