525 Grosvenor Street, London East (east B), Ontario

$649,900

Previous Next

6

Beds

3

Baths

About 525 Grosvenor Street

Fantastic investment opportunity in a prime London location! Welcome to 525 Grosvenor Street, a well-maintained 5+1 bedroom home currently fully rented and generating strong monthly rental income. The property is fully leased until May 2027 at $4,140 per month, offering stable, long-term cash flow for investors. Ideally situated just west of Adelaide Street and north of Oxford Street, this property is close to Western University, Fanshawe College, downtown, transit, shopping, restaurants, parks, and all major amenities, making it a highly desirable rental location. This spacious home offers an excellent layout for multi-tenant living. The main floor features an eat-in kitchen with two fridges, a living room, dining area, one bedroom, and a full bathroom. The main floor bedroom also provides access to an all-weather sunroom with a separate entrance, adding flexibility and convenience. A side entrance mudroom includes a large walk-in closet for additional storage. Upstairs you'll find four additional bedrooms, including an extra-large primary bedroom with a den, and a 4-piece bathroom. The basement includes a bedroom, a 3-piece bathroom, a laundry room, and a separate storage room. The home boasts fantastic curb appeal, parking for four vehicles, many new windows installed in 2010, blown-in insulation added in the attic, and an updated roof completed in 2016, providing added peace of mind for the next owner. Whether you're looking to expand your investment portfolio or secure a turn-key income property in one of London's most sought-after rental areas, this property checks all the boxes. Strong rental demand, an excellent location, and a spacious functional layout make this an outstanding opportunity for savvy investors. (Photos are from previous when Home was vacant) (id:36535)

Features of 525 Grosvenor Street

Listing # X13538868
Price $649,900
Bedrooms 6
Bathrooms 3.00
Half Baths 1
Acres 0.00
Type Single Family
Sub-Type Freehold

Community Information

Address 525 Grosvenor Street
Subdivision East B
City London East (east B)
Province Ontario
Postal Code N5Y3S8

Amenities

Parking Spaces 4
Parking No Garage
Is Waterfront No
Has Pool No

Interior

Heating Natural gas Forced air
Cooling Central air conditioning
Fireplace No
# of Stories 2
Has Basement Yes
Basement Type N/A (Finished)
Basement Development Finished

Exterior

Exterior Brick
Lot Description 30.8 x 83 FT
Foundation Block

Listing Details

OfficeCourtesy Of RE/MAX ICON REALTY

Listing Map