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$599,900
London East
220 Bernard Avenue, London East (East B), Ontario, N6A2M8
This 5-bedroom, 3-bathroom home in London East is for sale offering roughly 1,300 sq ft of space. Listed at $599,900, it is attractively priced about 23% below the $775,000 median asking price in London East. It has been on the market 19 days, fresher than the London East average of 47 days.
Currently rented for $4,250/month through April 30, 2027! This well-located student rental at 220 Bernard Ave offers investors an opportunity to purchase an income-producing property near Western University with a tenant already in place.This solid brick 1.5-storey home features 5 bedrooms plus a den, 3 bathrooms and a single-car garage, providing plenty of space for a student household. The property is conveniently located close to Western University, with easy access to transit, shopping, restaurants and other amenities.The functional layout offers multiple living spaces and bedrooms, while the 1.5-storey design adds character and flexibility. The single-car garage provides valuable parking and storage.With current rental income of $4,250/month and the existing lease secured until April 30, 2027, this is an opportunity to add a turnkey student rental to your portfolio with income already in place. A great location, established rental history and strong proximity to Western make 220 Bernard Ave worth a look. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 19 days on market, against an average age of 47 days across the listings currently for sale in this city
This 5-bed single family in London East (East B) has been listed for 19 days, which is 28 days fresher than the city average of 47. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $599,900, about 9.8× the local median household income of $61,200.
Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 91% above the area median.
Source: Statistics Canada, 2021 Census (FSA N6A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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