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North J, London North
$699,900
Looking for a high-demand licensed, student rental near Western University or a smart live-and-rent investment in London? This one checks every box. Welcome to 2 Ruskin Court, a versatile income-generating property perfectly positioned just minutes from Western University. This well-maintained 3-level back-split offers 4 bedrooms, 2 bathrooms, and a self-contained 1-bedroom suite, making it ideal for investors, house hackers, or families looking to offset their mortgage with rental income. Set on a quiet court in a highly desirable rental pocket, this home features consistent tenancy history with strong demand from students and young professionals. The layout provides excellent separation of space, maximizing privacy and rental flexibility.Recent updates include a brand new roof, while the efficient boiler heating system ensures reliable comfort year-round. Outside, the oversized double-wide driveway accommodates up to 6 vehicles, a rare and valuable feature for student housing.Location is everything. Enjoy easy access to public transit, shopping, restaurants, and everyday essentials, all within minutes. The proximity to campus makes this a top choice for renters, helping ensure low vacancy and stable income potential.Whether you're building your portfolio or stepping into your first investment, this is a proven income property in one of London's most reliable rental corridors.
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| Type | Detached |
| Style | Backsplit 3 |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $5,432 |
| Lot Size | 77.5 ft x 150 ft |
| mls© Number | X13739660 |
| Listed By | SUTTON GROUP PREFERRED REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,582
- Property tax
- $453
- Heat allowance
- $150
- Housing costs
- $4,185 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$129,000
gross annual household income
- Payment at 4%
- $2,945 / mo
- Cash down
- $139,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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