This one's priced above recent comparable sales, and new this week. Here's everything I've got — ask me anything about it.
London North · North N
117 Empress Avenue
Detached
MLS® #X13871506
Listed for$599,0002 days on market
4+1 bed 2 bath 5 parking 1100-1500 sq ft~$461/sq ft
New this week
Transit stop ~73.0 km
Free · about 10 seconds
Is $599,000 a fair price?
Our read: it’s priced above recent comparable sales — based on 97 sales nearby. Sign in free to see exactly how far above it is, plus the full range comparable homes sold in.
Est. all-in monthly~$3,146/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.
Source: TRREB sold data via Repliers · all property types
Description & details
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.
The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.
Listed by CENTURY 21 FIRST CANADIAN CORP. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.