Here's the investment opportunity you've been waiting for! This fully rented 4+1 property offers immediate rental income and an outstanding location just minutes from Western University, shopping, restaurants, transit, and everyday conveniences. Currently generating approximately $45,300 in gross annual rental income, this turnkey property is ready for its next investor. Situated in the highly desirable Oxford Street East and Wharncliffe Road corridor, the property is perfectly positioned in an area with strong and consistent rental demand. The combination of location, existing rental income, and future upside makes this a compelling addition to any investment portfolio. As tenant turnover occurs, there may be an opportunity to improve rental income by adjusting rents toward current market levels, subject to applicable regulations. (id:53488)
| MLS® Number | X13871506 |
| Property Type | Single Family |
| Community Name | North N |
| Equipment Type | None |
| Features | Flat Site |
| Parking Space Total | 5 |
| Rental Equipment Type | None |
| Bathroom Total | 2 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 5 |
| Age | 51 To 99 Years |
| Appliances | Dishwasher, Dryer, Stove, Washer, Refrigerator |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Features | Apartment In Basement |
| Basement Type | N/a, N/a (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Aluminum Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1,100 - 1,500 Sqft |
| Type | House |
| Utility Water | Municipal Water |
| Detached Garage | |
| Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 112 Ft |
| Size Frontage | 61 Ft ,2 In |
| Size Irregular | 61.2 X 112 Ft |
| Size Total Text | 61.2 X 112 Ft|under 1/2 Acre |
| Zoning Description | R2-2 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 4.5 m | 3.3 m | 4.5 m x 3.3 m |
| Main Level | Kitchen | 3.04 m | 3.2 m | 3.04 m x 3.2 m |
| Main Level | Bedroom | 3.96 m | 3.02 m | 3.96 m x 3.02 m |
| Main Level | Bedroom 2 | 3.1 m | 3.5 m | 3.1 m x 3.5 m |
| Main Level | Bedroom 3 | 3.2 m | 3.6 m | 3.2 m x 3.6 m |
| Main Level | Bedroom 4 | 3 m | 3.2 m | 3 m x 3.2 m |
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/30374923/117-empress-avenue-london-north-north-n-north-n
Contact us for more information
Kamran Koorakani
Broker
(519) 673-3390
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