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232 Bernard Avenue London East, Ontario N6A 2M8

6 Bedroom 3 Bathroom 2000 - 2500 sqft
Window Air Conditioner Forced Air

$889,000

Excellent Turn-Key Investment Opportunity Walking Distance to Western University! Welcome to this solid, income-generating brick home located on a quiet, tree-lined street just minutes from the University of Western Ontario. This spacious 6 bedroom, 3 bathroom property is fully leased to 6 students at $925 inclusive/month each, generating a strong monthly rental income of $5,550, with leases in place through May 2026, and it holds a rental license through the City of London - perfect for investors seeking long-term, stable cash flow. Inside, you'll find a well-maintained home with numerous updates, including new windows (2019), updated electrical, new roof, and new laminate flooring in the kitchen. The main and upper levels feature classic hardwood flooring throughout, offering both character and durability. The oversized eat-in kitchen is well-equipped with two fridges and a freezer to accommodate shared student living. The detached garage offers additional storage options. This is a fantastic opportunity to secure a low-maintenance, fully rented investment property in one of Londons most desirable student rental locations. Whether you're a seasoned investor or just getting started, this property offers strong financials, great location, and peace of mind with solid leases in place. (id:38414)

Property Details

MLS® Number X12121279
Property Type Single Family
Community Name East B
AmenitiesNearBy Public Transit, Schools, Place Of Worship
CommunityFeatures School Bus, Community Centre
EquipmentType Water Heater
ParkingSpaceTotal 4
RentalEquipmentType Water Heater
Structure Porch, Deck

Building

BathroomTotal 3
BedroomsAboveGround 6
BedroomsTotal 6
Appliances Water Heater, Dishwasher, Freezer, Stove, Two Refrigerators
BasementDevelopment Unfinished
BasementType Partial (unfinished)
ConstructionStyleAttachment Detached
CoolingType Window Air Conditioner
ExteriorFinish Brick, Vinyl Siding
FoundationType Block
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 2000 - 2500 Sqft
Type House
UtilityWater Municipal Water

Parking

Detached Garage
Garage

Land

Acreage No
FenceType Fully Fenced, Fenced Yard
LandAmenities Public Transit, Schools, Place Of Worship
Sewer Sanitary Sewer
SizeDepth 125 Ft
SizeFrontage 40 Ft
SizeIrregular 40 X 125 Ft
SizeTotalText 40 X 125 Ft
ZoningDescription R1-5

Rooms

Level Type Dimensions
Second Level Bedroom 4.36 m x 3.65 m
Second Level Bedroom 3.81 m x 3.04 m
Second Level Bedroom 3.35 m x 3.04 m
Second Level Bedroom 3.22 m x 3.04 m
Second Level Bedroom 2.87 m x 2.81 m
Main Level Living Room 4.52 m x 3.35 m
Main Level Kitchen 6.04 m x 5.61 m
Main Level Bedroom 3.04 m x 2.74 m
Main Level Dining Room 4.52 m x 3.35 m

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May 03 2025 12:50:53

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