299 Steele St, London, ON N6A 2L3

INVESTOR ALERT! THIS LEGAL 8 BEDROOM STUDENT RESIDENCE IS ONLY STEPS AWAY TO WESTERN GATES, KINGS UWO AND RICHMOND STREET! SUPERB INCOME, LOCATION AND VALUE. FULLY RENTED FOR $64,800/YEAR, LEASED UNTIL MAY 2024, WHICH IS BELOW MARKET VALUE. CURRENT MARKET RENT IS $82,000/YEAR. NICELY MAINTAINED PROPERTY AND LOOKS BIGGER THAN IT IS, A LARGE DINING AREA LEADS INTO AN UPDATED KITCHEN WITH STAINLESS STEEL APPLIANCES, DARK CABINETS AND BACKSPLASH. MAIN LEVEL FEATURES 5 GREAT SIZE AND EVENLY DISTRIBUTED BEDROOMS, WITH 3 FULL WASHROOMS. ENJOY A SPACIOUS LIVING ROOM WITH BACKDOOR ACCESS TO A HUGE LOT WITH TONS OF ENTERTAINMENT AND GRASS SPACE. SEPARATE ENTRANCE TO THE BASEMENT FEATURING ANOTHER 3 GOOD SIZE BEDROOMS, 1 FULL WASHROOM AND OWN FULL KITCEN. SHARED LAUNDRY SPACE WITH PLENTY OF STORAGE SPACE. AMPLE OF PARKING SPACE IN THE FRONT FITTING UP TO 4 CARS. EXCELLENT LOCATION AND CAN'T BE BEAT! WALKING DISTANCE TO UWO, BUS ROUTES, RICHMOND ROW AND CLOSE PROXIMITY TO DOWNTOWN AND MASONVILLE. WONDERFUL TURNKEY PROPERTY TO ADD TO YOUR PORTFOLIO!