6 GOWER STREET, London North, ON N6H2E6
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6 GOWER STREET, London North, ON N6H2E6
6 GOWER STREET, London North, ON N6H2E6
6 GOWER STREET, London North, ON N6H2E6
6 GOWER STREET, London North, ON N6H2E6
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Tiffany Ambar

Tiffany Ambar

+1(613) 263-5660
$ 599,000
Est. payment /mo
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6 GOWER STREET London North, ON N6H2E6

6 Beds

2 Baths

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700 - 1100

Subdivision North N

MLS® Listing ID X14152220

Style Bungalow

Bedrooms 6

Property Sub-Type Freehold

Property Description

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! (id:24570)

Location

Province ON

Rooms

Kitchen 1.0

Extra Room 1 Basement 3.9 m X 2.59 m Bedroom

Extra Room 2 Basement 3.84 m X 3.44 m Bedroom

Extra Room 3 Basement 3.3 m X 2.98 m Bedroom

Extra Room 4 Main level 4.2 m X 3.5 m Kitchen

Extra Room 5 Main level 5.15 m X 3.5 m Living room

Extra Room 6 Main level 3.71 m X 3.56 m Bedroom 2

Interior

Heating Forced air

Flooring Vinyl, Hardwood, Carpeted

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Story 1

Sewer Sanitary sewer

Architectural Style Bungalow

Others

Ownership Freehold

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Listed by ROYAL LEPAGE FLOWER CITY REALTY

NEARBY SCHOOLS & PROPERTIES

Tiffany Ambar

Tiffany Ambar

REALTOR®

+1(613) 263-5660

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6 GOWER STREET