$599,900
Est. payment $2,656/moCalculate yours
220 Bernard Avenue, London East, ON N6A 2M8
East, London, ON N6A 2M8
- 5 Beds
- 3 Baths
- 1 Garage
- 1,100 Sq Ft
Listing courtesy of SUTTON GROUP PREFERRED REALTY INC. MLS® X14087654
About this home
Currently rented for $4,250/month through April 30, 2027! This well-located student rental at 220 Bernard Ave offers investors an opportunity to purchase an income-producing property near Western University with a tenant already in place.This solid brick 1.5-storey home features 5 bedrooms plus a den, 3 bathrooms and a single-car garage, providing plenty of space for a student household. The property is conveniently located close to Western University, with easy access to transit, shopping, restaurants and other amenities.The functional layout offers multiple living spaces and bedrooms, while the 1.5-storey design adds character and flexibility. The single-car garage provides valuable parking and storage.With current rental income of $4,250/month and the existing lease secured until April 30, 2027, this is an opportunity to add a turnkey student rental to your portfolio with income already in place. A great location, established rental history and strong proximity to Western make 220 Bernard Ave worth a look.
Property details
Overview
- Property Type
- Detached
- Style
- 1 1/2 Storey
- For
- For Sale
- Status
- New
- Size
- 1,100 sqft
Interior
- Bedrooms
- 5
- Bathrooms
- 3
- Kitchens
- 1
- Basement
- Finished, Full
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 40 x 125 Feet
- Parking
- Detached garage · 4 total
- Zoning
- R1-5
Financial
- Property Taxes
- $5,398 (2025)
Location
- Neighbourhood
- East
- Cross Street
- Richmond
- Direction Faces
- North
Listing
- MLS® Number
- X14087654
- Days on Market
- 2
- Listed On
- 2026-10-16
- Possession
- Flexible
- Listed By
- SUTTON GROUP PREFERRED REALTY INC.
Rooms
Features
Interior
- Storage
Pool
- None
- Included
- Fridge, stove, washer, dryer, all as-is
- Excluded
- Tenants belongings
- Rental items
- Water Heater
Mortgage calculator
Estimated mortgage payment
$2,656 per month
- Principal and interest
- $2,656
- Property tax
- $450
- Condo fees
- $0
- Estimated monthly cost
- $3,106
Your mortgage
- Mortgage amount
- $479,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $316,948
Cash to close
- Down payment
- $119,980
- Land transfer tax
- $8,473
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $128,453
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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