Kitchen (3.5 × 4.2)
Window · Vinyl Floor
Level: Main
6 Gower St
North N, London North, Ontario N6H 2E6
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!
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X14152220
- Board
- TRREB MLS®
- Days on market
- Tax
- $5,060
- Size
- 700-1100 sqft
- Lot
- 37 × 120 Feet
- Parking
- None, 4 Parking
Listing History
Buy/Sell history for 6 Gower St, London North, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $599,000 | N/A | For Sale | X14152220 |
Estimated Market Value
Estimated value requires sign in
AI market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
Property Details
Property
- Property Type
- Detached
- Style
- Bungalow
- Community
- North N
- Municipality
- London North
Inside
- Bedrooms
- 3+3
- Bathrooms
- 2
- Bathroom Detail
- 1, 3pc, Main
- Bathroom Detail
- 1, 3pc, Lower
- Basement Type
- Sep Entrance
- Kitchens
- 1
Utilities
- Water
- Municipal
- Cooling
- Other
- Heating Type
- Forced Air
Building
- Size
- 700-1100 sqft
- Construction
- Brick
Parking
- Driveway
- Private
- Garage Type
- None
- Add. Parking
- 4
- Total Parking
- 4
Land
- Sewer
- Sewers
- Lot Size
- 37 × 120 Feet
- Lot Size Code
- Feet
Additional
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Fireplace
- Y
- Pool
- None
- Den
- N
- Family room
- N
- Extras
- Stove, 2 refrigerators in kitchen, washer dryer in basement
Rooms (8)
Living (3.5 × 5.15)
Window · hardwood floor · Fireplace
Level: Main
2nd Br (3.56 × 3.71)
Window · Closet · hardwood floor
Level: Main
3rd Br (2.56 × 3.9)
Window · Closet · hardwood floor
Level: Main
Common Rm (3.0 × 3.35)
Window · Broadloom
Level: Bsmt
Br (2.59 × 3.9)
Window · Closet · Broadloom
Level: Bsmt
Br (3.44 × 3.84)
Window · Closet · Broadloom
Level: Bsmt
Br (2.98 × 3.3)
Window · Broadloom
Level: Bsmt
Location
Comparable Sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$2,746
- Down payment$119,800
- Mortgage amount$479,200
- Total interest$344,600
- Total cost$943,600
Cash flow analysis
$2,746
Total monthly payment
$3,168
Break-even down payment
100%
Cash flow-$3,168
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
04 / Local performanceMarket detailsNeighbourhood price and activity trends
Expand Market details to load neighbourhood price and activity trends.
$599,000
$599,000
CAD
Estimated market value
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