Home with brick exterior material, street for 187 Rathowen St, London Ontario N6H 2E9
9 days on Market

187 Rathowen St, London, Ontario N6H 2E9

Detached
5
6
- sqft
$999,000
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Detached
5
6
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$4,290/mo

Tax Amount (2024)$7,032/yr

Days On Market9 days


Description

Don't miss this rare chance to own a purpose-built luxury student rental in one of Ontario's fastest-growing university towns. Recently renovated with a spacious two-storey addition, this fully licensed and city-permitted property is ideally located near transit, including a quick one-bus route to Western University, downtown, shopping and more. Featuring five generously sized bedrooms, each with its own private bathroom, plus a powder room on the main floor, this property is consistently in high demand among students. The open-concept layout includes two common areas and a modern kitchen with stainless steel appliances, creating a functional and stylish living space. With a flawless five-year track record of 100 percent occupancy due to its prime location and premium features, this property offers a strong 5 percent cap rate, combining stability, growth potential and unmatched desirability in the London market.


Property Details

Style2-Storey
View-
Age of property-
SqFt-
Lot Size4,440 SqFt(104.5 x 42.49)
Parking Spaces2
MLS ®NumberX11937002
Community NameWest London
Data SourceTRREB
Listing byROYAL LEPAGE REAL ESTATE SERVICES LTD.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Finished

2nd Floor

5th Br

3.35 x 4.27

3rd Br

3.35 x 3.35

Broadloom / Closet / Ensuite Bath

4th Br

3.35 x 3.35

Broadloom / Closet / Ensuite Bath


Features

Lot size: 4,440 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD., Brokerage
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Population and Demographics

Overview

Total population 24351
Average household income $83,663

Age (%)

20 to 34
34%
65 and plus
21%
0 to 19
16%
35 to 49
15%
50 to 64
14%

Household composition (%)

Single person
46%
Single family
43%
Multi person
11%
Multi family
0%

Mother tongue (%)

English
69%
Arabic
8%
Mandarin
6%
Spanish
5%
Others
5%
Korean
1%
Urdu
1%
French
1%

House tenancy (%)

Renters
78%
Owners
22%

Schools and amenities

Estimated Budget