187 Rathowen Street, London, Ontario

$999,000

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5

Beds

6

Baths

About 187 Rathowen Street

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. (id:36535)

Features of 187 Rathowen Street

Listing # X11937002
Price $999,000
Bedrooms 5
Bathrooms 6.00
Half Baths 1
Acres 0.00
Type Single Family
Sub-Type Freehold

Community Information

Address 187 Rathowen Street
Subdivision North N
City London
Province Ontario
Postal Code N6H2E9

Amenities

Amenities Hospital, Park, Public Transit, Schools
Utilities Cable, Sewer
Parking Spaces 2
Is Waterfront No
Has Pool No

Interior

Appliances Water Heater, Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Heating Natural gas Forced air
Cooling Central air conditioning
Fireplace No
# of Stories 2
Has Basement Yes

Exterior

Exterior Brick
Lot Description 42.49 x 104.5 FT
Foundation Unknown

Listing Details

OfficeCourtesy Of SHERVIN VARSHOKAR Of ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Listing Map