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3 + 3
BEDROOMS2
BATHROOMS1
KITCHENS6 + 4
ROOMSX11986342
MLSIDContact Us
Property Description
Prime Investment Opportunity Legal 6-Bedroom Raised Ranch Near Fanshawe College! Located in an A+ rental location, this legal 6-bedroom raised ranch is a turnkey investment with a proven track record of high demand. Just a short walk to Fanshawe College, this property has never experienced a vacancy, consistently renting well in advance of the school year.Featuring high ceilings in the basement, updated flooring, and a new furnace & A/C (2024), Washer and Dryer (2022) this home is well-maintained. With tenants currently paying utilities, this investment generates $4,800/month ($57,600 annually), offering a cash flow of $1,370/month with 25% down and a 30-year amortization. Leases are secured until May 1, 2026, ensuring stability and peace of mind for investors.A rare find in an unbeatable locationdont miss out on this high-income, low-vacancy rental property!
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Property Features
Fenced Yard, Hospital, Park, Public Transit, Rec./Commun.Centre, School, Auto Garage Door Remote, Primary Bedroom - Main Floor, Private, Carbon Monoxide Detectors, Smoke Detector
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Property Details
Property Type
Detached
Lot Size
41' x 105'
Taxes
$4,389 (2024)
Basement
Full, Finished
Exterior
Porch Enclosed, Deck
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
Attached
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Listing contracted with Sutton Group - Select Realty
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