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Royal LePage
Royal LePage
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$999,000

187 RATHOWEN STREET, London, Ontario, N6H 2E9

QuickQuoteTM: Not Available
MLS® # X11937002

5 Beds

6 Baths

FEETSQ sqft

Property Information:

Don't miss this rare chance to own a purpose-built luxury student rental in one of Ontario's fastest-growing university towns. Recently renovated with a spacious two-storey addition, this fully licensed and city-permitted property is ideally located near transit, including a quick one-bus route to Western University, downtown, shopping and more. Featuring five generously sized bedrooms, each with its own private bathroom, plus a powder room on the main floor, this property is consistently in high demand among students. The open-concept layout includes two common areas and a modern kitchen with stainless steel appliances, creating a functional and stylish living space. With a flawless five-year track record of 100 percent occupancy due to its prime location and premium features, this property offers a strong 5 percent cap rate, combining stability, growth potential and unmatched desirability in the London market. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Basement Development: Finished
  • Basement Type: N/A
  • Construction Style - Attachment: Detached
  • Exterior Finish: Brick
  • Flooring Type: Laminate, Carpeted
  • Foundation Type: Unknown
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dishwasher, Dryer, Microwave, Stove, Washer

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 5
  • Bathrooms: 6
  • Half Bathrooms: 1
  • Amenities Nearby: Hospital, Park, Public Transit, Schools
  • Irregular: Yes
  • Lot Depth: 104.5 Feet
  • Lot Frontage: 42.4 Feet
  • Lot Size: 42.49 x 104.5 FT
  • Utility Type: Cable - Available, Sewer - Installed
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 2

Rooms:

  • 3rd Bedroom 2nd Level 3.35 m x 3.35 m
  • 4th Bedroom 2nd Level 3.35 m x 3.35 m
  • 5th Bedroom 2nd Level 3.35 m x 4.27 m
  • Recreation Room Basement Level 2.90 m x 6.86 m
  • Kitchen Main Level 3.73 m x 3.73 m
  • Dining Main Level 3.53 m x 6.71 m
  • Living Main Level 3.53 m x 6.71 m
  • Bedroom Main Level 3.35 m x 3.35 m
  • 2nd Bedroom Main Level 3.35 m x 3.35 m

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Location of 187 RATHOWEN STREET, London, Ontario, N6H 2E9

Demographic Information of 187 RATHOWEN STREET, London, Ontario, N6H 2E9

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$97,831.98

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.66 %

High school certificate or equivalent

28.89 %

Apprenticeship trade certificate/diploma

4.72 %

College/non-university certificate

26.7 %

University certificate (below bachelor)

0.03 %

University Degree

25.0 %

Commuter

Travel To Work

By Car

69.08 %

By Public Transit

15.32 %

By Walking

8.77 %

By Bicycle

1.05 %

By Other Methods

5.78 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

48.41 %

Houses

51.59 %

Own Vs. Rent

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