231 RAYMOND AVENUE Active Save Request In-Person Tour Request Virtual Tour
London East (east B),ON N6A2W1
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $1,199
Subdivision East B
MLS Listing ID X12477966
Bedrooms 6
Property Sub-Type Freehold
Source London and St. Thomas Association of REALTORS®
Property Description
RARE INVESTMENT OPPORTUNITY! Licensed 6-bedroom, 2-bathroom home located directly across from Western University. Currently leased as a single tenancy for $5,200/month plus all utilities, offering an impressive 6.5% CAP rate after expenses. This well-maintained property has seen numerous updates within the past five years, including: New doors and windows (July 2020) New furnace (Dec 2024) New water heater (Feb 2025 - rental) Custom kitchen renovation (May 2025) Complete bathroom updates - new showers, vanities, toilets, and flooring New washer and dryer (2020) New stove (2024) Excellent location, strong rental income, and a turn-key setup make this an exceptional opportunity for investors or parents of students alike. Don't miss out on this rare offering just steps from campus! (POTENTIAL ADDITIONAL PARKING IN BACK DUE TO CITY EASEMENTS AT REAR OF PROPERTY TO BE CONFIRMED BY BUYER). (id:24570)
Location
State ON
Rooms
Kitchen 1.0
Extra Room 1 Basement 3.03 m X 2.69 m Study
Extra Room 2 Basement 3.91 m X 3.75 m Laundry room
Extra Room 3 Basement 4.12 m X 2.62 m Bedroom
Extra Room 4 Basement 4.02 m X 3.77 m Bedroom
Extra Room 5 Basement 3.68 m X 2.67 m Bedroom
Extra Room 6 Main level 4.35 m X 3.63 m Living room
Interior
Heating Forced air
Cooling None
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Lot Description Landscaped
Story 1.5
Sewer Sanitary sewer
Others
Ownership Freehold
Virtual Tour https://youriguide.com/231_raymond_ave_london_on/