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:55499)
Property Details
| MLS® Number | X11937002 |
| Property Type | Single Family |
| Community Name | North N |
| Amenities Near By | Hospital, Park, Public Transit, Schools |
| Parking Space Total | 2 |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Appliances | Water Heater, Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Flooring Type | Laminate, Carpeted |
| Foundation Type | Unknown |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | House |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 104 Ft ,6 In |
| Size Frontage | 42 Ft ,5 In |
| Size Irregular | 42.49 X 104.5 Ft |
| Size Total Text | 42.49 X 104.5 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom 3 | 3.35 m | 3.35 m | 3.35 m x 3.35 m |
| Second Level | Bedroom 4 | 3.35 m | 3.35 m | 3.35 m x 3.35 m |
| Second Level | Bedroom 5 | 3.35 m | 4.27 m | 3.35 m x 4.27 m |
| Basement | Recreational, Games Room | 2.9 m | 6.86 m | 2.9 m x 6.86 m |
| Main Level | Kitchen | 3.73 m | 3.73 m | 3.73 m x 3.73 m |
| Main Level | Dining Room | 3.53 m | 6.71 m | 3.53 m x 6.71 m |
| Main Level | Living Room | 3.53 m | 6.71 m | 3.53 m x 6.71 m |
| Main Level | Bedroom | 3.35 m | 3.35 m | 3.35 m x 3.35 m |
| Main Level | Bedroom 2 | 3.35 m | 3.35 m | 3.35 m x 3.35 m |
Utilities
| Cable | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/27833910/187-rathowen-street-london-north-n
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January 23 2025 03:07:24
Toronto Real Estate Board
Royal LePage Real Estate Services Ltd.