232 Bernard Avenue London East, Ontario N6A 2M8
$849,000
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 5 bedroom plus den, 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:52600)
Property Details
| MLS® Number | X12146125 |
| Property Type | Single Family |
| Community Name | East B |
| AmenitiesNearBy | Public Transit, Schools, Place Of Worship |
| CommunityFeatures | School Bus, Community Centre |
| ParkingSpaceTotal | 4 |
| 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 | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 4.36 m | 3.65 m | 4.36 m x 3.65 m |
| Second Level | Bedroom | 3.81 m | 3.04 m | 3.81 m x 3.04 m |
| Second Level | Bedroom | 3.35 m | 3.04 m | 3.35 m x 3.04 m |
| Second Level | Bedroom | 3.22 m | 3.04 m | 3.22 m x 3.04 m |
| Second Level | Bedroom | 2.87 m | 2.81 m | 2.87 m x 2.81 m |
| Main Level | Living Room | 4.52 m | 3.35 m | 4.52 m x 3.35 m |
| Main Level | Kitchen | 6.04 m | 5.61 m | 6.04 m x 5.61 m |
| Main Level | Den | 3.04 m | 2.74 m | 3.04 m x 2.74 m |
| Main Level | Dining Room | 4.52 m | 3.35 m | 4.52 m x 3.35 m |
https://www.realtor.ca/real-estate/28307701/232-bernard-avenue-london-east-east-b-east-b
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May 14 2025 01:26:31
London and St. Thomas Association of REALTORS®
Blue Forest Realty Inc.