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247 VICTORIA STREET
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247 VICTORIA STREET $1,149,900
5 days ago
$1,149,900
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247 VICTORIA STREET
London East (East B), Ontario N6A2C3

MLS® Number: X12738398
5
Bedrooms
3
Bathrooms
1500 - 2000
Square Feet

Listing Description

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. (42039516)

Location Description

Cross Streets: Victoria St and Richmond St. ** Directions: East off Richmond St.

Property Summary

Property Type
Single Family
Building Type
House
Storeys
1.5
Square Footage
1500 - 2000 sqft
Community Name
East B
Title
Freehold
Land Size
29.9 x 131.5 FT|under 1/2 acre
Age Of Building
100+ years
Annual Property Taxes
$3,168
Parking Type
Attached Garage, Garage
Time on REALTOR.ca
5 days

Building

Bedrooms
Above Grade
5
Bathrooms
Total
3
Interior Features
Appliances Included
Garage door opener remote(s), Water Heater - Tankless, Water Heater, Water meter, Dishwasher, Dryer, Stove, Washer, Window Coverings, Two Refrigerators
Basement Type
Unfinished
Building Features
Foundation Type
Poured Concrete
Style
Detached
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air (Natural gas)
Utilities
Utility Type
Cable (Available), Electricity (Installed), Sewer (Installed)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Hospital, Public Transit, Schools
Parking
Parking Type
Attached Garage, Garage
Total Parking Spaces
3

Measurements

Square Footage
1500 - 2000 sqft

Rooms

MetricImperial
Main level
Living room
Kitchen
Bedroom 5
Bedroom 4
Bedroom 3
Bathroom
Bathroom
Second level
Den
Primary Bedroom
Bedroom 2
Bathroom

Land

Lot Features
Fencing
Fenced yard
Frontage
29 ft ,10 in
Land Depth
131 ft ,6 in
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519-473-9992
226-756-2203
Email
PRIME REAL ESTATE BROKERAGE
Brokerage
519-473-9992
ROB SUTHERLAND
Salesperson
519-473-9992
Email
PRIME REAL ESTATE BROKERAGE
Brokerage
519-473-9992

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