$ 899.900

224 Raymond Avenue, London

36 Photos

Other - 224 Raymond Avenue, London, ON N6A2N1 Photo 2

Living room - 224 Raymond Avenue, London, ON N6A2N1 Photo 3

Kitchen - 224 Raymond Avenue, London, ON N6A2N1 Photo 4

4pc Bathroom - 224 Raymond Avenue, London, ON N6A2N1 Photo 5

Bedroom - 224 Raymond Avenue, London, ON N6A2N1 Photo 6

Bedroom - 224 Raymond Avenue, London, ON N6A2N1 Photo 7

Bedrooms: 4
Bathrooms: 3
Living area: 1725 sqft

MLS®: 40559728
Type: Residential
Added: 33 days ago

Property Details

Attention Investors: The Ideal Location for your Investment Portfolio! This property comes complete with tenants and is leased out until April 2025 for $6,000 per month inclusive. The location is in Old North, just off Richmond Street, very close to the University Gates. It backs onto park land, walking trails and beautiful bike trails that have a bridge that goes over the Thames River. It's near University Hospital and Western. There are many updates including a three year old metal roof and five year old high efficiency gas furnace and water heater. Well maintained 4+2 bedrooms with three full baths. Covered front porch. Lovely landscaped front yard. Some newer windows. Parking for up to four cars with access off the back lane. Pictures were taken prior to these tenants moving in. (id:1945)

Best Mortgage Rates

Property Information

Sewer: Municipal sewage system
Cooling: None
Heating: Forced air, Natural gas
Stories: 1.5
Basement: Finished, Full
Utilities: Natural Gas, Electricity, Cable, Telephone
Year Built: 1918
Appliances: Washer, Refrigerator, Dishwasher, Stove, Microwave, Freezer
Directions: Take Richmond Street from downtown and head North. Once you pass the University gates on Richmond, take the 4th right onto Raymond Ave. Your new property is 1/2 way down the street on your left.
Living Area: 1725
Lot Features: In-Law Suite
Photos Count: 36
Water Source: Municipal water
Lot Size Units: acres
Parking Total: 4
Bedrooms Total: 4
Structure Type: House
Common Interest: Freehold
Parking Features: None
Subdivision Name: East B
Tax Annual Amount: 5027
Exterior Features: Brick
Foundation Details: Block
Lot Size Dimensions: 0.086
Zoning Description: R1-5(3)

Room Dimensions

Type	Level	Dimensions
Other	Lower level	10'4'' x 15'0''
Other	Lower level	14'0'' x 9'0''
Living room	Lower level	10'3'' x 10'0''
Kitchen	Lower level	10'0'' x 10'5''
4pc Bathroom	Lower level	5'0'' x 10'0''
Bedroom	Second level	13'0'' x 14'0''
Bedroom	Second level	13'0'' x 14'0''
Foyer	Second level	9'0'' x 6'0''
4pc Bathroom	Second level	7'8'' x 4'2''
Eat in kitchen	Main level	19'9'' x 7'6''
Bedroom	Main level	10'4'' x 8'3''
4pc Bathroom	Main level	5'0'' x 8'0''
Living room	Main level	12'6'' x 10'6''
Bedroom	Main level	12'0'' x 9'7''
Foyer	Main level	5'8'' x 8'0''

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Nearby Places

Name	Type	Address	Distance
King's University College (University of Western Ontario)	The school was founded in 1954, first began holdin...		0.5 km
Medway-Sydenham Hall	It is also the oldest residence still operating on...		0.5 km
King's University College	University	266 Epworth Ave	0.6 km
Allyn and Betty Taylor Library	It serves the faculties of Engineering, Science, H...		0.8 km
University of Western Ontario	The first four faculties were Arts, Divinity, Law ...		0.8 km
Schulich School of Medicine & Dentistry	The school is the seventh oldest in Canada, and th...		0.8 km
St. Peter's Seminary (Diocese of London, Ontario)	The Seminary is a fully accredited member of the A...		0.9 km
University of Western Ontario	University	1151 Richmond St	0.9 km
University Hospital (London, Ontario)	It is part of the London Health Sciences Centre....		0.9 km
Ivey Business School	Ivey offers full-time undergraduate (HBA), MBA, MS...		1.0 km
Ivey International Centre for Health Innovation	It aims to prepare health leaders with the skills ...		1.0 km
D. B. Weldon Library	Weldon Library is the largest academic library on ...		1.1 km

Similar Houses Stat in London

We have found 6 Houses that closely match the specifications of the property located at 224 Raymond Avenue with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 738,395 and 960,000, providing a good range for comparison. Moreover, we have also discovered that there are a few open Houses in the N6A2N1 postal code area of London Ontario Canada.

224 Raymond Avenue mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 224 Raymond Avenue. The current price of the property is $899,900, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $719,920. This would result in a monthly mortgage payment of $4,208 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree	10
Bachelor's degree	40
College	15
University degree at bachelor level or above	80

Neighbourhood Marital Status Stat

Married	90
Widowed	30
Divorced	15
Separated	5
Never married	145
Living common law	15
Married or living common law	105
Not married and not living common law	195

Neighbourhood Construction Date

1961 to 1980	25
1981 to 1990	55
1960 or before	65

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