Property Information:

Exceptional Investment Opportunity Near Fanshawe College! Welcome to this spacious and well-maintained 5+1 bedroom, 4-level backsplit located in one of London's most desirable rental locations. Just a short 2-minute walk to Fanshawe College, this City of London licensed rental property offers outstanding income potential with a proven history of strong tenancy and virtually zero vacancy.Designed for maximum flexibility and future income growth, the layout offers excellent potential for 2 independent living units, making it an ideal opportunity for investors or multi-generational living. The upper level features 3 generously sized bedrooms and a 4-piece bathroom. The bright main floor showcases an open-concept design with a spacious great room, kitchen, dining, and breakfast area - perfect for comfortable shared living.The lower level includes a separate side entrance, 2 additional bedrooms, and a 3-piece bathroom, creating excellent potential for a secondary suite setup. The basement offers a sixth bedroom with brand-new flooring, plus additional laundry and storage rooms for added convenience.Recently refreshed with full interior painting and various updates throughout, this property is truly move-in ready. Additional features include a fully fenced backyard, attached single-car garage, and parking for 2 vehicles on the driveway. Strong rental potential with projected income exceeding $4,500/month (depending on use and future configuration). Conveniently located near public transit, shopping, restaurants, parks, and all major amenities.An exceptional turnkey income property in one of London's most sought-after rental locations. (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Development: Finished
Basement Type: Full, N/A, N/A
Construction Style - Attachment: Detached
Construction Style - Split Level: Backsplit
Exterior Finish: Concrete, Vinyl siding
Floor Space: 1500 - 2000 sqft
Foundation Type: Poured Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Garage door opener remote, Dishwasher, Dryer, Stove, Washer, Refrigerator

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 5+1
Bathrooms: 2
Features: Sump Pump
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 117.2 Feet
Lot Frontage: 32.8 Feet
Lot Size: 32.8 x 117.3 FT
Utility Type: Hydro - Available, Sewer - Available, Cable - Available
Sewer: Sanitary sewer
Parking Type: Garage
No. of Parking Spaces: 3

Rooms:

Primary Bedroom 2nd Level 4.46 m x 3.40 m
2nd Bedroom 2nd Level 3.49 m x 3.18 m
3rd Bedroom 2nd Level 3.06 m x 2.82 m
Bathroom 2nd Level 1.66 m x 3.40 m
Bedroom Basement Level 5.71 m x 3.70 m
Laundry Basement Level 3.41 m x 2.94 m
Other Basement Level 2.28 m x 3.70 m
4th Bedroom Lower Level 4.34 m x 3.33 m
5th Bedroom Lower Level 4.94 m x 3.26 m
Bathroom Lower Level 1.84 m x 1.90 m
Dining Main Level 3.93 m x 3.16 m
Living Main Level 4.70 m x 3.03 m
Kitchen Main Level 3.86 m x 3.18 m

Convert Measurement to:

Courtesy of: RE/MAX ICON REALTY

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Demographic Information of 238 FLEMING DRIVE, London East (East D), Ontario, N5V 4Y9

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$81,817.62

Average Number of Children

1.82

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.46 %

High school certificate or equivalent

32.4 %

Apprenticeship trade certificate/diploma

6.32 %

College/non-university certificate

23.03 %

University certificate (below bachelor)

0.95 %

University Degree

22.84 %

Commuter

Travel To Work

By Car

71.18 %

By Public Transit

16.88 %

By Walking

7.16 %

By Bicycle

1.58 %

By Other Methods

3.2 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

30.38 %

Houses

69.62 %

238 FLEMING DRIVE, London East (East D), Ontario, N5V 4Y9