6 Gower Street, London North, Ontario N6H 2E6

Listed for:
$599,000
6 beds
2 baths
Listed 9 days ago
House for rent: 6 Gower Street, London North, Ontario N6H 2E6

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About

oxford and Wharncliffe 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! (id:27476)

Property Highlights

MLS® Number
X14152220
Type
Single Family
Community Name
North N
Ownership Type
Freehold
Land Size
37 x 120 FT
Parking Space Total
4

Building

Building Type
House
Storeys
1.00
Square Footage
700 - 1100 sqft
Bathrooms Total
2
Bedrooms Above Ground
3
Bedrooms Total
6
Exterior Finish
Brick
Fireplace Present
Yes
Basement Type
N/A
Basement Features
Separate entrance
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Room Layout

Bedroom
Basement
3.9 m x 2.59 m
Bedroom
Basement
3.84 m x 3.44 m
Bedroom
Basement
3.3 m x 2.98 m
Kitchen
Main level
4.2 m x 3.5 m
Living room
Main level
5.15 m x 3.5 m
Bedroom 2
Main level
3.71 m x 3.56 m
Bedroom 3
Main level
3.9 m x 2.56 m

Location

Learn more about this property
Listing provided by:
ROYAL LEPAGE FLOWER CITY REALTY
MLS® number:
X14152220
Agent:
Santosh R Sanghrajka
Phone:
(905) 230-3100
*Indicates required field
Name is required
Email is required
Please enter a valid phone number (e.g., 416-111-1111).

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Listing provided by: ROYAL LEPAGE FLOWER CITY REALTY
Learn more about this property
Listing provided by:
ROYAL LEPAGE FLOWER CITY REALTY
MLS® number:
X14152220
Agent:
Santosh R Sanghrajka
Phone:
(905) 230-3100
*Indicates required field
Name is required
Email is required
Please enter a valid phone number (e.g., 416-111-1111).