PROPERTY INFO
This prime investment opportunity is located at the highly sought-after intersection of Richmond and Huron Street in North London, just steps from Western University, Kings College, Richmond Row, and downtown. This well-maintained, licensed rental property offers an ideal location for student housing and professionals alike. The property features a spacious layout, including 7 bedrooms, a bright and inviting foyer, a generously sized living room, and multiple levels of living space. The upper floor offers 3 well-appointed bedrooms and a 3-piece bathroom, while the main floor includes 2 additional bedrooms, a large living area, and easy access to the kitchen and common spaces. The basement is fully finished with 2 more bedrooms, a 4-piece bathroom, and a separate shower, providing ample space for tenants. Currently, 5 bedrooms are rented for $750 each per month until April 30th, 2027, generating stable income, while the remaining 2 bedrooms are being marketed for $2,400 per month. With a gross annual rental income of $82,800, this property offers substantial return potential. Additional highlights include a large backyard, a driveway for 2 cars, and extra parking access via a rear lane. Located in a high-demand area near bus routes, Western University, and local amenities, this property is a rare opportunity for investors looking to add a high-yield asset to their portfolio (id:4555)
