236 RAYMOND AVENUE, London East (East B), Ontario, N6A2N1

Property Description

This exceptional riverfront corner Freehold High raised bungalow house presents a rare opportunity for both investors and homeowners. Located just 3 minutes from King's University & UWO main campus, this well-maintained property offers a perfect blend of tranquility, convenience, and income potential. The home features 5 bedrooms and 1 family room (can convert to the 6 bedroom or provide an excellent space for a home office) and 3 full bathrooms, making it an ideal residence for a large family or a lucrative rental investment. A highlight of this property is the 6-car driveway with a durable concrete surface, a rare find in this area. The fully fenced backyard features a beautifully designed Japanese garden with beautiful stones. With updated electrical systems and 3 separate entrances, featuring a studio unit, a 3-bedroom unit, and a 2-bedroom unit. This configuration offers an excellent opportunity for generating additional income while maintaining a comfortable living space. The estimated monthly rental income is approximately $5,500, making it an attractive option for investors. A short 2-minute walk leads to the scenic Thames River and several parks, providing beautiful outdoor spaces for relaxation. The home is also located within the highly sought-after school zones of Old North Public School and Banting Secondary School, making it a great choice for families. This property's combination of prime location, income potential, and excellent condition makes it a truly exceptional investment. Roof Age (2007); Roof Heater Wires (2026). Efficiency Furnace & A/C (2021), Owned Hot Water Tank (2020), making life easier for homeowners. (id:64974)

Quick Facts

• Property Type: House (Freehold)
• Style: Raised bungalow
• Bedrooms: 5 (5 above)
• Bathrooms: 3
• Ownership: Freehold
• Attached: No
• Parking: 6 spaces (No Garage)
• Frontage: 59 ft (17.9 m)

Costs

• Annual Taxes: $5,834.00 (2025)

Listing Provided by: CENTURY 21 FIRST CANADIAN CORP
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.