$839,900
PRICE
3 + 3
BEDROOMS
2
BATHROOMS
X12477966
MLSID
231 Raymond Avenue, London
RARE INVESTMENT OPPORTUNITY! Licensed 6-bedroom, 2-bathroom home located directly across from Western University. Currently leased as a single tenancy for $5,200/month plus all utilities, offering an impressive 6.5% CAP rate after expenses. This well-maintained property has seen numerous updates within the past five years, including: New doors and windows (July 2020) New furnace (Dec 2024) New water heater (Feb 2025 - rental) Custom kitchen renovation (May 2025) Complete bathroom updates - new showers, vanities, toilets, and flooring New washer and dryer (2020) New stove (2024) Excellent location, strong rental income, and a turn-key setup make this an exceptional opportunity for investors or parents of students alike. Don't miss out on this rare offering just steps from campus! (POTENTIAL ADDITIONAL PARKING IN BACK DUE TO CITY EASEMENTS AT REAR OF PROPERTY TO BE CONFIRMED BY BUYER).
Summary
Address
231 Raymond Avenue
City
Community
Street
MLSID
X12477966
Property Type
Detached
Property Category
Bedrooms
3 + 3
Bathrooms
2
Rooms
6 + 5
Kitchens
1
Zoning
R1-5
Taxes (Annual)
$5,096.00
Tax Year
2025
Published
October 23, 2025
Days on Market
7 Days
Possession Type
1-29 Days
Possession Details
Flexible
Inclusions
Fridge, stove, washer, dryer, dishwasher
Exclusions
Tenants belongings
Details
Property Features
Public Transit, School
Security Features
Carbon Monoxide Detectors, Smoke Detector
Bathroom 1
3-Piece Basement Level
Bathroom 2
3-Piece Main Level
Basement
Finished, Full, Separate Entrance
Exterior Features
Deck, Landscaped, Patio
Interior Features
Water Heater, Carpet Free
Parking Spaces
4
Parking Total
4
Parking Features
Front Yard Parking
Architectural Style
1 1/2 Storey
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Width
30 Feet
Lot Depth
125 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with SUTTON GROUP - SELECT REALTY