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East B, London East
$1,249,900
Stop searching. This is the one.Nestled in the heart of Old North - one of London's most coveted and consistently high-demand neighbourhoods - this 11-bedroom, 5-bathroom income property delivers exactly what serious investors are looking for: stability, scale, and zero headaches.One cheque. Every month. That's it.Currently leased to a reputable organization under long-term agreements, this property offers the kind of reliable, institutional-grade tenancy that lets you sleep at night. No chasing rent. No turnover chaos. Just consistent cash flow from a fully occupied, professionally maintained asset.The current owner has spared no expense - a newly added basement kitchen expands the property's multi-unit versatility, while thoughtful upgrades throughout reflect a genuine commitment to long-term quality. This isn't a flip. This is a property that's been cared for.And the location? Steps from Western University, in a neighbourhood where rental demand never sleeps - drawing students, medical residents, professionals, and institutional tenants year-round .Fully licensed with the City of London - compliance handled, peace of mind included. Turnkey operation - upgraded, tenanted, and income-producing from day one. Prime Old North address -character, curb appeal, and enduring desirability.Whether you're expanding your portfolio or planting your flag in one of Ontario's strongest university markets, this is the asset that checks every box.Opportunities like this don't wait. Neither should you.
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| Type | Detached |
| Style | 3-Storey |
| Approx. Age | Not available |
| Size | 2500-3000 sq. ft. |
| Property Tax | $14,384 |
| Lot Size | 81.5 ft x 114.28 ft |
| mls© Number | X13761232 |
| Listed By | PRIME REAL ESTATE BROKERAGE |
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%
- $6,398
- Property tax
- $1,199
- Heat allowance
- $150
- Housing costs
- $7,746 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$238,000
gross annual household income
- Payment at 4%
- $5,260 / mo
- Cash down
- $249,980
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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