187 Rathowen Street London, Ontario N6H 2E9
$999,000
Don't miss this rare chance to own a purpose-built luxury student rental in one of Ontario's fastest-growing university towns. Recently renovated with a spacious two-storey addition, this fully licensed and city-permitted property is ideally located near transit, including a quick one-bus route to Western University, downtown, shopping and more. Featuring five generously sized bedrooms, each with its own private bathroom, plus a powder room on the main floor, this property is consistently in high demand among students. The open-concept layout includes two common areas and a modern kitchen with stainless steel appliances, creating a functional and stylish living space. With a flawless five-year track record of 100 percent occupancy due to its prime location and premium features, this property offers a strong 5 percent cap rate, combining stability, growth potential and unmatched desirability in the London market. (id:61445)
Property Details
| MLS® Number | X11937002 |
| Property Type | Single Family |
| Community Name | North N |
| AmenitiesNearBy | Hospital, Park, Public Transit, Schools |
| ParkingSpaceTotal | 2 |
Building
| BathroomTotal | 6 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Appliances | Water Heater, Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer |
| BasementDevelopment | Finished |
| BasementType | N/a (finished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FoundationType | Unknown |
| HalfBathTotal | 1 |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| Type | House |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Hospital, Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 104 Ft ,6 In |
| SizeFrontage | 42 Ft ,5 In |
| SizeIrregular | 42.49 X 104.5 Ft |
| SizeTotalText | 42.49 X 104.5 Ft |
Utilities
| Cable | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/27833910/187-rathowen-street-london-north-n
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Shervin Varshokar
Salesperson
4025 Yonge Street Suite 103
Toronto, Ontario M2P 2E3
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January 23 2025 09:13:24
Royal LePage Real Estate Services Ltd.