Property Information:

Stop chasing contractors and start collecting cheques with this fully stabilized, high-yield luxury property. In an environment often limited to value-add projects and high-maintenance buildings, 247 Victoria St. stands alone as a premier investment vehicle grossing $79,500.00 per year. This is the ultimate "set-and-forget" asset for the sophisticated buyer, featuring a signed 2-year lease at $6,625.00/month beginning May 2026. Located in the heart of prestigious Old North, this home is perfectly positioned to capture the highest tier of the rental market, just steps from St. Joseph's Hospital and minutes from Western University and Fanshawe's downtown campus. Forget the burden of high condo fees and thin walls; this is five bedrooms of meticulously re-modeled luxury designed for zero capital expenditure for years to come. Every detail of this renovation has been handled with precision, from the waterproofed basement and ample garage storage to the rare 3-car driveway, a massive competitive advantage in this historic pocket. Residents enjoy the perfect balance of a peaceful residential setting and immediate proximity to the transit, cafes, and nightlife of Richmond Row. This is a rare opportunity to acquire a stabilized, low-overhead asset in London's most desirable rental corridor. If you are looking to add immediate, premium cash flow to your portfolio without the traditional landlord headaches, look no further. Investment opportunities of this caliber are a rarity in the current market. Book your private showing today and secure your position in the top 1% of the London rental market. (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Development: Unfinished
Basement Type: N/A
Construction Style - Attachment: Detached
Exterior Finish: Brick
Floor Space: 1500 - 2000 sqft
Foundation Type: Poured Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Garage door opener remote, Water meter, Dishwasher, Dryer, Stove, Washer, Window Coverings

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 5
Bathrooms: 3
Amenities Nearby: Hospital, Public Transit, Schools
Fence Type: Fenced yard
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 131.5 Feet
Lot Frontage: 29.8 Feet
Lot Size: 29.9 x 131.5 FT
Utility Type: Hydro - Installed, Sewer - Installed, Cable - Available
Sewer: Sanitary sewer
Parking Type: Attached garage, Garage
No. of Parking Spaces: 3

Rooms:

Den 2nd Level 3.87 m x 2.93 m
Primary Bedroom 2nd Level 3.44 m x 3.48 m
2nd Bedroom 2nd Level 3.80 m x 3.24 m
Bathroom 2nd Level 3.24 m x 3.50 m
Living Main Level 3.26 m x 5.09 m
Kitchen Main Level 6.50 m x 3.62 m
5th Bedroom Main Level 3.87 m x 3.66 m
4th Bedroom Main Level 3.87 m x 2.96 m
3rd Bedroom Main Level 3.86 m x 4.10 m
Bathroom Main Level 3.77 m x 3.11 m
Bathroom Main Level 3.88 m x 2.82 m

Convert Measurement to:

Courtesy of: PRIME REAL ESTATE BROKERAGE

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Demographic Information of 247 VICTORIA STREET, London East (East B), Ontario, N6A 2C3

Life Stage

Older Families

Employment Type

Service Sector/White Collar

Average Household Income

$190,051.21

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.14 %

High school certificate or equivalent

22.38 %

Apprenticeship trade certificate/diploma

College/non-university certificate

16.35 %

University certificate (below bachelor)

3.81 %

University Degree

48.32 %

Commuter

Travel To Work

By Car

67.99 %

By Public Transit

1.99 %

By Walking

11.16 %

By Bicycle

3.16 %

By Other Methods

15.7 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

30.0 %

Houses

70.0 %

247 VICTORIA STREET, London East (East B), Ontario, N6A 2C3