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Home ON Greater London London North London
232 BERNARD AVENUE
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232 BERNARD AVENUE $889,000
2 days ago
$889,000
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232 BERNARD AVENUE
London East (East B), Ontario N6A2M8

MLS® Number: X12121279
6
Bedrooms
3
Bathrooms
2000 - 2500
Square Feet

Listing Description

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. (40374650)

Location Description

Richmond Street

Property Summary

Property Type
Single Family
Building Type
House
Storeys
2
Square Footage
2000 - 2500 sqft
Community Name
East B
Title
Freehold
Land Size
40 x 125 FT
Annual Property Taxes
$5,490
Parking Type
Detached Garage, Garage
Time on REALTOR.ca
2 days

Building

Bedrooms
Above Grade
6
Bathrooms
Total
3
Interior Features
Appliances Included
Water Heater, Dishwasher, Freezer, Stove, Two Refrigerators
Basement Type
Partial (Unfinished)
Building Features
Foundation Type
Block
Style
Detached
Rental Equipment
Water Heater
Structures
Porch, Deck
Heating & Cooling
Cooling
Window air conditioner
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl siding
Neighbourhood Features
Community Features
School Bus, Community Centre
Amenities Nearby
Public Transit, Schools, Place of Worship
Parking
Parking Type
Detached Garage, Garage
Total Parking Spaces
4

Measurements

Square Footage
2000 - 2500 sqft

Rooms

MetricImperial
Main level
Living room
Kitchen
Bedroom
Dining room
Second level
Bedroom
Bedroom
Bedroom
Bedroom
Bedroom

Land

Lot Features
Fencing
Fully Fenced, Fenced yard
Frontage
40 ft
Land Depth
125 ft
Other Property Information
Zoning Description
R1-5
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3

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