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MLS® X14152220
London, ON
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!
Inclusions
Stove, 2 refrigerators in kitchen, washer dryer in basement
Exclusions
None
Broker
ROYAL LEPAGE FLOWER CITY REALTY
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Detached
6 Gower Street London
London North
Type
Detached
Basement
Separate Entrance
Parking
None (4)
Property Tax
~$5,060/yr
Heating
Forced Air
Buying Essentials
Square Feet
900 sqft
Facing Direction
West
Parking
None (4)
Finances
List Price
$599,000
Price per SQFT
$666/sqft
Property Tax
~$5,060/yr
Property Specs
Property Type
Detached
MLS Size
900 sqft
Basement
Separate Entrance
Living & Amenities
Heating Type
Forced Air
Features
None
Policies & Utilities
Neighbourhood
London North
Listed On
Nov 5, 2026
Days on Market
Current: 2 days
Window, Vinyl Floor
13.8 x 11.5
158 sqft
Window, Hardwood Floor, Fireplace
16.9 x 11.5
194 sqft
Window, Closet, Hardwood Floor
12.2 x 11.7
142 sqft
Window, Closet, Hardwood Floor
12.8 x 8.4
107 sqft
Window, Broadloom
11.0 x 9.8
108 sqft
Window, Closet, Broadloom
12.8 x 8.5
109 sqft
Window, Closet, Broadloom
12.6 x 11.3
142 sqft
Window, Broadloom
10.8 x 9.8
106 sqft
Rooms
8
Listed Room Area
1,066 sqft
Source
Estimated from MLS room dimensions
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