247 Victoria Street, London East (East B) ON

About 247 Victoria Street

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. (id:56071). Get more information on 247 Victoria Street

Property Features

Appliances:  Garage door opener remote(s), Water Heater - Tankless, Water Heater, Water meter, Dishwasher, Dryer, Stove, Washer, Window Coverings, Two Refrigerators
Rental Equipment:  
Directions:  Cross Streets: Victoria St and Richmond St. ** Directions: East off Richmond St.
Interior Size:  1500 - 2000 sqft
Fence:  Fenced yard
Lot:  29.9 x 131.5 FT|under 1/2 acre 29.9 x 131.5 FT
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / Central air conditioning
Age: 100+ years
Foundation: Poured Concrete
Basement:  N/A (Unfinished) Unfinished

Rooms & Sizes

Den Second level 3.87 m x 2.93 m	Primary Bedroom Second level 3.44 m x 3.48 m	Bedroom 2 Second level 3.8 m x 3.24 m
Bathroom Second level 3.24 m x 3.5 m	Living room Main level 3.26 m x 5.09 m	Kitchen Main level 6.5 m x 3.62 m
Bedroom 5 Main level 3.87 m x 3.66 m	Bedroom 4 Main level 3.87 m x 2.96 m	Bedroom 3 Main level 3.86 m x 4.1 m
Bathroom Main level 3.77 m x 3.11 m	Bathroom Main level 3.88 m x 2.82 m