Home with brick exterior material, street for 232 Bernard Ave, London East Ontario N6A 2M8
1 day on Market

232 Bernard Ave, London East, Ontario N6A 2M8

Detached
6
3
~2000-2500 sqft
$889,000
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Detached
6
3
~2000-2500 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$400/sqft

Est. Mortgage$3,818/mo

Tax Amount (2024)$5,490/yr

Days On Market1 day


Description

Excellent Turn-Key Investment Opportunity Walking Distance to Western University! Welcome to this solid, income-generating brick home located on a quiet, tree-lined street just minutes from the University of Western Ontario. This spacious 6 bedroom, 3 bathroom property is fully leased to 6 students at $925 inclusive/month each, generating a strong monthly rental income of $5,550, with leases in place through May 2026, and it holds a rental license through the City of London - perfect for investors seeking long-term, stable cash flow. Inside, you'll find a well-maintained home with numerous updates, including new windows (2019), updated electrical, new roof, and new laminate flooring in the kitchen. The main and upper levels feature classic hardwood flooring throughout, offering both character and durability. The oversized eat-in kitchen is well-equipped with two fridges and a freezer to accommodate shared student living. The detached garage offers additional storage options. This is a fantastic opportunity to secure a low-maintenance, fully rented investment property in one of Londons most desirable student rental locations. Whether you're a seasoned investor or just getting started, this property offers strong financials, great location, and peace of mind with solid leases in place.


Property Details

Style2-Storey
View-
Age of property-
SqFt~2000-2500 SqFt
Lot Size5,000 SqFt(125 x 40)
Parking Spaces4
MLS ®NumberX12121279
Community NameNorth London
Data SourceTRREB
Listing byBLUE FOREST REALTY INC.

Features

Heating: Forced Air
Cooling: Window Unit
Basement: Part Bsmt, Unfinished

2nd Floor

Br

3.81 x 3.04

Br

3.22 x 3.04

Br

4.36 x 3.65

Br

3.35 x 3.04


Features

Lot size: 5,000 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property listed by BLUE FOREST REALTY INC., Brokerage
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Market Data - North London

Geo Zone Map ThumbnailNorth London

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

27 days

Compared to

2024

20 days

2023

12 days

2022

11 days

New Listings

Past 30 days

15 listings

Compared to

2024

18 listings

2023

8 listings

2022

21 listings

Units sold

Past 30 days

9 units

Compared to

2024

11 units

2023

6 units

2022

12 units

Median Sold Price

Past 30 days

$838,500

Compared to

2024

$770,000

2023

$802,500

2022

$873,227


Population and Demographics

Overview

Total population 9916
Average household income $144,067

Age (%)

20 to 34
30%
65 and plus
21%
50 to 64
17%
0 to 19
17%
35 to 49
16%

Household composition (%)

Single family
49%
Single person
39%
Multi person
12%
Multi family
0%

Mother tongue (%)

English
86%
Others
8%
Spanish
2%
Mandarin
1%
Arabic
1%

House tenancy (%)

Renters
52%
Owners
48%

Schools and amenities

Estimated Budget