7 Summit Avenue London North, Ontario N6H 2G5

5 Bedroom 2 Bathroom 1,100 - 1,500 ft2
Central Air Conditioning Forced Air

$659,000

Prime investment opportunity in a high-demand central location, just a short walk/direct bus to Western University. This licensed rental property offers a total total of 5 bedrooms, making it ideal for student housing.The home features a functional layout with spacious living areas, kitchen and bathrooms, and has been well maintained throughout. Situated on a generous lot with a partially fenced yard, the property also includes a detached garage/storage shed and parking for up to 3 vehicles.Currently tenanted until April 30, 2027 with occupants in place since 2023, providing stable income. Rents are below current market levels, offering significant upside potential for future revenue growth. All major appliances are included.Whether you're looking for a turnkey investment, a student rental. Located within walking distance to amenities, transit. (id:61594)

Property Details

MLS® Number X13004124
Property Type Single Family
Community Name North N
Parking Space Total 3

Building

Bathroom Total 2
Bedrooms Above Ground 5
Bedrooms Total 5
Age 100+ Years
Appliances Water Heater, Water Meter, Dryer, Stove, Washer, Refrigerator
Basement Development Finished
Basement Type N/a (finished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Aluminum Siding, Brick
Foundation Type Block, Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1,100 - 1,500 Ft2
Type House
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 127 Ft ,3 In
Size Frontage 30 Ft ,3 In
Size Irregular 30.3 X 127.3 Ft
Size Total Text 30.3 X 127.3 Ft
Zoning Description R2-2

Rooms

Level Type Dimensions
Second Level Bedroom 3.43 m x 3.33 m
Second Level Bedroom 2 3.23 m x 3.84 m
Second Level Bedroom 3 3.05 m x 4.52 m
Basement Bedroom 5 2.84 m x 5 m
Basement Laundry Room 2.59 m x 1.37 m
Main Level Bedroom 4 3.05 m x 4.11 m
Main Level Living Room 5.59 m x 4.04 m
Main Level Dining Room 3.4 m x 2.44 m
Main Level Kitchen 3.05 m x 4.52 m

https://www.realtor.ca/real-estate/29610965/7-summit-avenue-london-north-north-n-north-n

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