Property Information:

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:27)

Building Features:

Style: Townhouse
Building Type: Row / Townhouse
Basement Development: Finished
Basement Type: Full
Exterior Finish: Brick, Vinyl siding
Floor Space: 1400 - 1599 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Condominium/Strata
Property Type: Single Family
Bedrooms: 4+1
Bathrooms: 3
Half Bathrooms: 1
Community Features: Pets Allowed With Restrictions
Condo Fees: $575 Monthly
Floor Space (approx): 1400 - 1599 Square Feet
MaintenanceFee Type: Common Area Maintenance, Water, Insurance
Parking Type: Detached garage, Garage
No. of Parking Spaces: 3

Rooms:

Primary Bedroom 2nd Level 4.81 m x 5.25 m
2nd Bedroom 2nd Level 5.59 m x 2.56 m
3rd Bedroom 2nd Level 4.53 m x 2.57 m
Bedroom Basement Level 5.31 m x 5.22 m
Office Basement Level 4.65 m x 3.03 m
Kitchen Main Level 3.59 m x 4.04 m
Dining Main Level 4.43 m x 2.74 m
4th Bedroom Main Level 4.64 m x 4.80 m

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Courtesy of: RE/MAX EXCELLENCE REAL ESTATE

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Demographic Information of 7 - 1570 RICHMOND STREET, London North, Ontario, N6G 4W1

Life Stage

Older Families

Employment Type

Service Sector/White Collar

Average Household Income

$191,221.09

Average Number of Children

1.83

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

5.14 %

High school certificate or equivalent

26.51 %

Apprenticeship trade certificate/diploma

3.15 %

College/non-university certificate

13.65 %

University certificate (below bachelor)

3.97 %

University Degree

47.6 %

Commuter

Travel To Work

By Car

80.54 %

By Public Transit

12.0 %

By Walking

7.46 %

By Bicycle

0.0 %

By Other Methods

0.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

26.05 %

Houses

73.95 %

7 - 1570 RICHMOND STREET, London North, Ontario, N6G 4W1