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London East,ON N5Z 4V1
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision East D
MLS Listing ID X12343518
Style Bungalow-Raised
Bedrooms 6
Building Age 16-30
Annual Tax Amount $4,389
Tax Year 2024
Property Sub-Type Detached
Property Description
Prime Investment Opportunity Legal 6-Bedroom Raised Ranch Near Fanshawe College! Located in an A+ rental location, this legal 6-bedroom raised ranch is a turnkey investment with a proven track record of high demand. Just a short walk to Fanshawe College, this property has never experienced a vacancy, consistently renting well in advance of the school year.Featuring high ceilings in the basement, updated flooring, and a new furnace & A/C (2024), Washer and Dryer (2022) this home is well-maintained. With tenants currently paying utilities, this investment generates $4,800/month ($57,600 annually), offering a cash flow of $1,370/month with 25% down and a 30-year amortization. Leases are secured until May 1, 2026, ensuring stability and peace of mind for investors.A rare find in an unbeatable locationdont miss out on this high-income, low-vacancy rental property!
Location
Province ON
County Middlesex
Community East D
Area Middlesex
Rooms
Family Room Yes
Basement Full,Finished
Kitchen 1
Interior
Interior Features Primary Bedroom - Main Floor
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Porch,Deck
Parking Features Private
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 41.0
Lot Depth 105.0
Total Parking Spaces 3
Building
Unit Features Cul de Sac/Dead End,Hospital,School,Rec./Commun.Centre,School Bus Route,Public Transit
Foundation Poured Concrete
Others
Virtual Tour https://tours.clubtours.ca/vtnb/352604