236 Raymond Ave, London East, N6A 2N1

Home Overview

Description

This exceptional riverfront corner Freehold High raised bungalow house presents a rare opportunity for both investors and homeowners. Located just 3 minutes from King's University & UWO main campus, this well-maintained property offers a perfect blend of tranquility, convenience, and income potential. The home features 5 bedrooms and 1 family room (can convert to the 6 bedroom or provide an excellent space for a home office) and 3 full bathrooms, making it an ideal residence for a large family or a lucrative rental investment. A highlight of this property is the 6-car driveway with a durable concrete surface, a rare find in this area. The fully fenced backyard features a beautifully designed Japanese garden with beautiful stones. With updated electrical systems and 3 separate entrances, featuring a studio unit, a 3-bedroom unit, and a 2-bedroom unit. This configuration offers an excellent opportunity for generating additional income while maintaining a comfortable living space. The estimated monthly rental income is approximately $5,500, making it an attractive option for investors. A short 2-minute walk leads to the scenic Thames River and several parks, providing beautiful outdoor spaces for relaxation. The home is also located within the highly sought-after school zones of Old North Public School and Banting Secondary School, making it a great choice for families. This property's combination of prime location, income potential, and excellent condition makes it a truly exceptional investment. Roof Age (2007); Roof Heater Wires (2026). Efficiency Furnace & A/C (2021), Owned Hot Water Tank (2020), making life easier for homeowners.

44 days

On Market

Detached

Property Type

$5,834 / Year

Est. Taxes

Bungalow-Raised

Style

None

Garage

Unfinished

Basement