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For saleMLS® X14152220

6 Gower Street

London, N6H 2E6

$599,000

Bedrooms
3 + 3
Bathrooms
2
Interior
700-1,100 ft²
Lot
37 × 120 ft
Type
Detached

About this home

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!

Property details

Property type
Detached
Ownership
Freehold
Style
Bungalow
Property taxes
$5,060 (2026)
Heating
Forced Air, Gas
Basement
Separate Entrance
Fireplace
Yes
Parking
4 spaces
Sewer
Sewer
Lot
37 × 120 ft lot
Time on market
Listed today

Features

Outside

  • Brick
  • Asphalt Shingle roof

Rooms

Measurements are deemed reliable but not guaranteed.

KitchenMain13' 9" × 11' 6"Window, Vinyl Floor
Living RoomMain16' 11" × 11' 6"Window, Hardwood Floor, Fireplace
Bedroom 2Main12' 2" × 11' 8"Window, Closet, Hardwood Floor
Bedroom 3Main12' 10" × 8' 5"Window, Closet, Hardwood Floor
Common RoomBasement11' × 9' 10"Window, Broadloom
BedroomBasement12' 10" × 8' 6"Window, Closet, Broadloom
BedroomBasement12' 7" × 11' 3"Window, Closet, Broadloom
BedroomBasement10' 10" × 9' 9"Window, Broadloom

Location

Thinking about the area? Read my guide to London.

Estimate your payment

20% down. The minimum on this price is $34,900.

Your monthly payment

$2,652

Mortgage amount
$479,200
Interest over the amortization
$316,473

An estimate at a fixed rate compounded twice a year, with default insurance under 20% down. Your lender sets the real numbers. I am also a licensed mortgage agent, so I can help with the mortgage too.

Listing brokerage: ROYAL LEPAGE FLOWER CITY REALTY.

Listing courtesy of the Toronto Regional Real Estate Board. MLS® X14152220.

Measurements are deemed reliable but not guaranteed.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Listing data provided under copyright by the Toronto Regional Real Estate Board and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Allan Congo is a Sales Representative with Century 21 First Canadian Corp., Brokerage. Each office independently owned and operated.

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