7 - 1570 Richmond Street London North, Ontario N6G 4W1

5 Bedroom 3 Bathroom 1,400 - 1,599 sqft
Central Air Conditioning Forced Air

$549,900

Maintenance, Common Area Maintenance, Water, Insurance, Parking

$575 Monthly

Prime Location! Welcome to The Gables, just minutes from Western University, University Hospital, Masonville Place, transit, shopping, restaurants, and downtown London. This spacious townhouse offers 3 finished levels with 5 bedrooms, 3 bathrooms, a bright main floor with upgraded flooring, gas fireplace, open kitchen and dining area, plus a finished basement featuring a bedroom, office, and private 3-piece bath. Enjoy a private rear deck and exclusive front patio. Low condo fees make this an excellent opportunity for homeowners and investors alike. Outstanding investment potential! 2 Rooms were rented for $850-$875/month each; 2 rooms were rented $750/M basement suite with den & private bath @ ~$1,000/month. Estimated rental potential is approximately $4,250/month which gives roughly $1000/m positive cash flow. A great opportunity for investors or parents looking to house children attending Western University while offsetting ownership costs.Tankless water Heater Owned.Certain photos have been virtually staged for illustrative purposes to demonstrate the room's space and potential. (id:49269)

Property Details

MLS® Number X13501922
Property Type Single Family
Community Name North G
Community Features Pets Allowed With Restrictions
Equipment Type None
Parking Space Total 3
Rental Equipment Type None

Building

Bathroom Total 3
Bedrooms Above Ground 4
Bedrooms Below Ground 1
Bedrooms Total 5
Appliances Window Coverings
Basement Development Finished
Basement Type Full (finished)
Cooling Type Central Air Conditioning
Exterior Finish Brick, Vinyl Siding
Half Bath Total 1
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1,400 - 1,599 Sqft
Type Row / Townhouse

Parking

Detached Garage
Garage

Land

Acreage No

Rooms

Level Type Dimensions
Second Level Primary Bedroom 4.81 m x 5.25 m
Second Level Bedroom 2 5.59 m x 2.56 m
Second Level Bedroom 3 4.53 m x 2.57 m
Basement Bedroom 5.31 m x 5.22 m
Basement Office 4.65 m x 3.03 m
Main Level Kitchen 3.59 m x 4.04 m
Main Level Dining Room 4.43 m x 2.74 m
Main Level Bedroom 4 4.64 m x 4.8 m

https://www.realtor.ca/real-estate/29967527/7-1570-richmond-street-london-north-north-g-north-g

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