Welcome to 1519 Howland Ave, a prime opportunity for invesmtent with the upper three bedroom level newly leased with additonal steady income of the seperately leased three bedroom lower level! This property is only a couple minutes walk to Fanshawe College. A well suited opportunity for investors and a great option for multi-generational families! With both units rented this property is garnering over $3800 a month in rental income; with soild cash flow potential averaging over $3000 a month after expenses. The upper unitThe prime set up of this property features two seperate living spaces: totalling six bedrooms; including a main level space and lower level with seperate walkout entrance; each floor featuring three spacious bedrooms, a functional washroom (a four piece washroom upstairs and three piece full bath on the lower level), a kitchen on each level and a shared open living room. The seperate living areas could also be ideal for a multi-generational family looking to have the set up of two seperate living areas. Not to be outdone; the location also features a large functional yard with old growth trees and a covered patio. 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 vehicles. This property also offers very close access to major public transit routes (with the future Oxford St LTR only minutes away) and is situated in close walking/driving/transit distance to major shopping centers including the Oxbury Plaza and Argyle Mall; and has many sports and recreation centers in the direct and surrounding areas. Although it sits in close proximity to major transportation routes, the house is sheltered from high activity and offers a quaint environment on a dead end road. This could be a prime candidate for an additonal garden suite unit with a large open backyard and plenty of existing parking in place to accomodate for an additional unit/units. (id:4069)
Address
1519 HOWLAND Avenue
List Price
$524,999
Property Type
Single Family
Type of Dwelling
House
Style of Home
Bungalow
Transaction Type
Sale
Area
Ontario
Sub-Area
London
Bedrooms
6
Bathrooms
2
Floor Area
1,715 Sq. Ft.
Lot Size
0.18 Sq. Ft.
Lot Depth
134 ft
Frontage Length
57 ft
Year Built
1951
MLS® Number
40840587
Listing Brokerage
EXP REALTY
Basement Area
Full (Finished)
Postal Code
N5V1W8
Zoning
R1-6
Ownership
Freehold
Parking Places (Total)
10
Site Influences
Park, Place of Worship, Playground, Public Transit, Schools, Shopping, View
Features
Cul-de-sac, Paved driveway, In-Law Suite, Private Yard
Community Features
Community Centre, School Bus
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Central air conditioning
Foundation Details
Poured Concrete
Other Structures
Porch
Number Of Floors In Building
1
Water Source
Municipal water
Access To Property
Road access, Highway access
Sewer
Municipal sewage system
