$599,000 Sale

Listed 2 hours ago

6 GOWER STREET

MLS® x14152220 House

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Beds · 3+3

Baths · 2.0

Parking · 4

Sqft · 700 - 1100

Est. mortgage

$2,272/mo

Key Facts

Key facts for 6 GOWER STREET

Property Type

House, Bungalow

Parking

Garage: No, 4 parking

MLS #

X14152220

Size

700 - 1100 sqft

Basement

N/A

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

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:10452)

Full Property Details

Interior

Bedrooms

Bedrooms Plus

Washrooms

2.0

Square Footage

700 - 1100 sqft

Basement

N/A

Heating Source

Natural gas

Heating Type

Forced air

Kitchens

Full Bathrooms

Half Bathrooms

Basement Features

Separate entrance

Flooring Type

Vinyl, Hardwood, Carpeted

Bedrooms

Bedrooms Plus

Washrooms

2.0

Square Footage

700 - 1100 sqft

Basement

N/A

Heating Source

Natural gas

Heating Type

Forced air

Kitchens

Full Bathrooms

Half Bathrooms

Basement Features

Separate entrance

Flooring Type

Vinyl, Hardwood, Carpeted

Exterior

Acreage

37 x 120 FT

Parking Spaces

Garage Spaces Y/N

Acreage

37 x 120 FT

Parking Spaces

Garage Spaces Y/N

Building Description

Style

Bungalow

Home Type

House

Subtype

House

Exterior

Brick

Sewers

Sanitary sewer

Water Supply

Municipal water

Architectural Style

Bungalow

Style

Bungalow

Home Type

House

Subtype

House

Exterior

Brick

Sewers

Sanitary sewer

Water Supply

Municipal water

Architectural Style

Bungalow

Community

North N

Area Code

London North (North N)

Community

North N

Area Code

London North (North N)

Other

Virtual Tour Link

https://tour.portraitsdonebetter.com/idx/343251

Virtual Tour Link

https://tour.portraitsdonebetter.com/idx/343251

Room Types

Bedroom

Dimensions 3.3 m x 2.98 m

105.85 sqft

Bedroom

Dimensions 3.84 m x 3.44 m

142.19 sqft

Bedroom

Dimensions 3.9 m x 2.59 m

108.73 sqft

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Noelle Distad

Email: [email protected] Cell: 780-224-2154

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