6 GOWER STREET
London North (North N), Ontario
MLS® X14152220
$599,000
- Status
- Active
- Property type
- House
- MLS® number
- X14152220
- Bedrooms
- 6
- Bathrooms
- 2
- Year built
- —
Listing 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!
Property summary
- MLS® number
- X14152220
- Property type
- Single Family
- Building type
- House
- Title
- Freehold
- Land size
- 37 x 120 FT
- Annual property taxes
- $5,060.00
- Parking
- 4 spaces · No Garage
- Days on market
- 0 days
Features & details
- Heating
- Forced air, Natural gas
- Basement
- Separate entrance, N/A
- Flooring
- Hardwood, Carpeted, Vinyl
- Appliances
- Washer, Stove, Dryer, Two Refrigerators
- Exterior features
- Brick
- Architectural style
- Bungalow
What would this home cost you?
Based on the $599,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE FLOWER CITY REALTY, BRAMPTON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.