Property Details

Description

 Price: $ 589,000.00 MLS®: X13161064         Location : 238 Fleming Drive, London East, ON N5V 4Y9

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.

Location Description

Fanshawe College Blvd--Fleming Dr.

Property Details
  • Community: East D
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 6
  • Bath: 2
  • Garages: Built-In
Building Features
  • Foundation Type: Poured Concrete
  • Construction Material: Concrete-Vinyl Siding
  • Total Parking Space: 3
Features
  • Heating: Forced Air Gas
  • Sewer: Sewer ,

Listing Contracted With: RE/MAX ICON REALTY

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