Living (3.3 × 4.5)
Level: Main
117 Empress Ave
North N, London North, Ontario N6H 1N1
Description
Here's the investment opportunity you've been waiting for! This fully rented 4+1 property offers immediate rental income and an outstanding location just minutes from Western University, shopping, restaurants, transit, and everyday conveniences. Currently generating approximately $45,300 in gross annual rental income, this turnkey property is ready for its next investor. Situated in the highly desirable Oxford Street East and Wharncliffe Road corridor, the property is perfectly positioned in an area with strong and consistent rental demand. The combination of location, existing rental income, and future upside makes this a compelling addition to any investment portfolio. As tenant turnover occurs, there may be an opportunity to improve rental income by adjusting rents toward current market levels, subject to applicable regulations.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13871506
- Board
- TRREB MLS®
- Days on market
- Tax
- $4,308
- Size
- 1100-1500 sqft
- Lot
- 61.16 × 112.04 Feet
- Parking
- 1 Detached, 5 Parking
Listing History
Listing activity for 117 Empress Ave, London North, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $580,000 | N/A | Pc | X13871506 |
Property Details
Property
- Property Type
- Detached
- Style
- Bungalow
- Community
- North N
- Municipality
- London North
Inside
- Bedrooms
- 4+1
- Bathrooms
- 2
- Bathroom Detail
- 1, 3pc, Main
- Bathroom Detail
- 1, 3pc, Bsmt
- Basement Type
- Apartment
- Kitchens
- 1
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Building
- Size
- 1100-1500 sqft
- Construction
- Alum Siding
Parking
- Driveway
- Front Yard
- Garage Type
- Detached
- Garage
- 1
- Add. Parking
- 4
- Total Parking
- 5
Land
- Sewer
- Sewers
- Lot Size
- 61.16 × 112.04 Feet
- Lot Size Code
- Feet
Additional
- Year built
- 51-99
- Foundation
- Block
- Roof
- Asphalt Shingle
- Fireplace
- N
- Pool
- None
- Den
- Y
- Family room
- Y
- Extras
- Fridge, stove, dishwasher, washer, dryer
Rooms (6)
Kitchen (3.2 × 3.04)
Level: Main
Br (3.02 × 3.96)
Level: Main
2nd Br (3.5 × 3.1)
Level: Main
3rd Br (3.6 × 3.2)
Level: Main
4th Br (3.2 × 3.0)
Level: Main
Location
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$2,659
- Down payment$116,000
- Mortgage amount$464,000
- Total interest$333,700
- Total cost$913,700
Cash flow analysis
$2,659
Total monthly payment
$3,018
Break-even down payment
100%
Cash flow-$3,018
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$580,000
$580,000
CAD
Estimate unavailable
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