209 University Ave

  • Status Sold
  • City London
  • Property Type Residential
  • Bedrooms 4+3
  • Bathrooms 2+1
Listing Price: 599,913
Property Details

Buy an Airbnb with 7 bedrooms, 3 bathrooms, 2 kitchens and let the cash cow, MOO!

The current owner made $48,000 in 2020 (yes, during the pandemic he had great numbers) due to prime location. At the Richmond Gates of Western University and near Masonville Mall… this location is 10/10. On bus routes and mixed family and student rental potential, or just buy it furnished and continue to run it as an Airbnb.

Updates include egress windows in 2019, paint 2019 and more!

Two of the Airbnb listings can be seen here!

OR HERE!

Other things to note:

  • Parking for 5 cars in driveway & one attached garage for a total of 6 parking spaces.
  • Coin-operated laundry bringing in additional $37-$50 a month
  • Property stayed strong with bookings through covid
  • Glaze tub refinished on main level August 2020

  • Amazing condition, move in ready and available furnished for asking price!

Selling willing to co-operate with Realtors, send your buyers!!

CLICK HERE FOR 3D TOUR

More information regarding Airbnb Income:

Gross Profit from Airbnb for 2020: $48,280.00
Airbnb cleaning fee profit of $30 per reservation for 2020: $2402 (included in gross profit)
Cleaner hourly wage: $18/hour *cash*

Total operating cost for 2020: $10,708.44

Hydro: $2622.17
Union Gas: $1,091.59
Hot Water Tank Rental: $129.49
Insurance: $1,542.96
Property Tax: $5322.23

Profit/Loss: +$37,571.56

Property Gallery

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