Re/max Premier Inc., Brokerage
9100 Jane St
Concord, ON
L4K 0A4
London, East H, N5V 1W7
$659,000
Listed by EXP REALTY.
Attention investors and multi-generational families! This high quality property is being offered together or independant of neighbouring income property 1519 Howland Ave (MLS #: X9358072); conveniently located several doors down on the same road.This impressive student rental opportunity generating over $3700/mo in rental income is ideally situated on the doorstep of Fanshawe College. Literally located less than couple minutes walk to the main access on Oxford Street with convenient direct access through gate situated at the rear of the yard. The prime set up of this property features two seperate living spaces totalling six bedrooms; including a main level and lower level with seperate walkout entrance; each featuring three spacious bedrooms, a functional renovated washroom, renovated modern style kitchen, and a shared living area. The seperate living areas could also be ideal for a multi-generational family looking to have the set up of two seperate living areas. The neighbourhood offers a balance of families and students. This location also offers an impressive long double wide driveway that could accomodate for up to ten cars with a functional double car garage that could also house an additional two vehicles. Currently this space has items being stored by tenants; however this is not in their leases so could be repurposed by the owners or used to generate addtional income for storage. This property also offers very close access to major public transit routes and is situated in close driving distance to major shopping centers including the Oxbury plaza and Argyle Mall; and has many sports and recreation centers in the direct and surrounding area. Although it sits in close proximity to major transportation routes, the house sits near the end of a culdesac that is sheltered from high activity. This could be a prime candidate for an additonal garden suite unit and/or adding value through pursuing the process to convert the property into a legal duplex as an option.
Prim Bdrm
Br
2nd Br
Kitchen
Bathroom
Dining
Living
3rd Br
4th Br
5th Br
Bathroom
Kitchen
The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.