117 Empress Avenue

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$599,000

117 Empress Avenue

North N, London North · MLS® X13871506

525

House · Single Family · 17 days on market

listed by KAMRAN KOORAKANI, CENTURY 21 FIRST CANADIAN CORP

realtor's description

Here's the investment opportunity you've been waiting for! This fully rented 4+1 property offers immediate rental income and an outstanding location just minutes from Western University, shopping, restaurants, transit, and everyday conveniences. Currently generating approximately $45,300 in gross annual rental income, this turnkey property is ready for its next investor. Situated in the highly desirable Oxford Street East and Wharncliffe Road corridor, the property is perfectly positioned in an area with strong and consistent rental demand. The combination of location, existing rental income, and future upside makes this a compelling addition to any investment portfolio. As tenant turnover occurs, there may be an opportunity to improve rental income by adjusting rents toward current market levels, subject to applicable regulations.

property details

type: House, Single Family
bedrooms: 5
bathrooms: 2
parking: 5
property tax: $4,308 / yr
days on market: 17
MLS®: X13871506

features

Flat site
Washer
Refrigerator
Dishwasher
Stove
Dryer

monthly cost

$2,969/mo

Mortgage $2,610 · Tax $359

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$2,610/ monthly

loan $479,200

25-year amortization

down payment20% · $119,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $303,736
cash to close: $119,800; down payment; transfer tax and fees not included
total paid: $782,936

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.