Attention investors and multi-generational families! This high quality property is being offered together or independant of neighbouring income property 1504 Howland Ave (MLS #: X9358053); conveniently located several doors down on the same road.This student rental opportunity is successfully garnering over $3800 a month in rental income; with high cash flow potential averaging over $3000 a month after expenses. It is situated on the doorstep of Fanshawe College; conviently located for students only a few minutes walk just up the road. The prime set up of this property features two seperate living spaces totalling six bedrooms; including a main level space and lower level with seperate walkout entrance; each featuring three spacious bedrooms, a functional washroom (a four piece washroom upstairs and three piece full path on the lower level), a kitchen on each level and a shared open living room. The seperate living areas could also be ideal for a multi-generational family looking to have the set up of two seperate living areas; and also features a large functional yard with old growth trees and a covered patio. The neighbourhood offers a balance of families and students. This location also offers an impressive long double wide driveway that could accomodate for up to ten cars. This property also offers very close access to major public transit routes and is situated in close driving distance to major shopping centers including the Oxbury Plaza and Argyle Mall; and has many sports and recreation centers in the direct and surrounding area. Although it sits in close proximity to major transportation routes, the house is sheltered from high activity and offers a quaint environment. This could be a prime candidate for an additonal garden suite unit with a large open backyard and/or adding value through pursuing the process to convert the property into a legal duplex as an option. Very competitively priced amoung comparible Fanshawe College student rental oppurtunities. (id:4069)
Address
1519 HOWLAND AVENUE
List Price
$619,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
Bungalow
Area
Ontario
Sub-Area
London
Bedrooms
6
Bathrooms
2
Floor Area
1,500 Sq. Ft.
Lot Size
57 x 134 FT ; 7.1 x 134.65 x 57.12 x 134.26 x 20.01/ft Sq. Ft.
MLS® Number
X9358072
Listing Brokerage
EXP REALTY
Basement Area
N/A (Finished)
Postal Code
N5V1W8
Zoning
R1-6
Site Influences
Schools, Public Transit, Park, View
Features
Cul-de-sac, Open space, Flat site, Sump Pump, In-Law Suite
