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
| MLS # | X13576546 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Sold Conditional Escape |
| Year | 0 |
| Days On Site | 51 |
| Listing Provided By | CENTURY 21 FIRST CANADIAN CORP | X13576546 371303 |
| Bed(s) | 7 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 0.12 |
| Interior Features | None, Water Heater |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
| Exterior Features | Deck, Year Round Living |
|---|---|
| Roof | Asphalt Shingle |
| Foundation Details | Concrete |
| Topography | Flat, Wooded/Treed |
| Construction Materials | Brick |
| Garage Yes / No | No |
|---|---|
| Parking Features | Available, Private Triple |
| Sewer | Sewer |
|---|
| Tax Annual Amount | 6119 |
|---|---|
| Tax Legal Description | LOT 58, PLAN 453, SUBJECT TO 643033 CITY OF LONDON |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| Region | Middlesex |
| City | London East |
| Postal Code | N6A 2J5 |
| Area | East B |
| Listing VS Median (in N6A 2J5) | |
Price: $789,900 low | high Med: $0 On site: 51 low | high Med: | |
| Province | ON |
|---|---|
| Region | Middlesex |
| City | London East |
| Postal Code | N6A 2J5 |
| Area | East B |
| Listing VS Median (in N6A 2J5) | |
Price: $789,900 low | high Med: $0 On site: 51 low | high Med: | |