6 Gower ST, London North, ON N6H 2E6
6 Gower ST, London North, ON N6H 2E6
6 Gower ST, London North, ON N6H 2E6
6 Gower ST, London North, ON N6H 2E6
6 Gower ST, London North, ON N6H 2E6
6 Gower ST, London North, ON N6H 2E6
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Jeanne Stephenson

Jeanne Stephenson

+1(416) 843-8934
$ 599,000
Est. payment | /mo

3 Beds

2 Baths

Save Virtual Tour
$ 599,000
Est. payment | /mo
Save Virtual Tour

3 Beds

2 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Subdivision North N

MLS Listing ID X14152220

Style Bungalow

Bedrooms 3

Annual Tax Amount $5,060

Tax Year 2026

Property Sub-Type Detached

Property 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!

Location

Province ON

County Middlesex

Area Middlesex

Rooms

Family Room No

Basement Separate Entrance

Kitchen 1

Separate Den/Office 3

Interior

Interior Features None

Cooling Other

Fireplace Yes

Heat Source Gas

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 37.0

Lot Depth 120.0

Total Parking Spaces 4

Building

Foundation Poured Concrete

Others

ParcelsYN No

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Listed by ROYAL LEPAGE FLOWER CITY REALTY

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Jeanne Stephenson

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+1(416) 843-8934

hello.jeannestephenson@gmail.com

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6 Gower ST