74 Barker Street

About This Property

Welcome to this charming, well-maintained 2+2 bedroom, 2 bathroom bungalow, perfectly situated on a spacious, mature lot. Ideal for first-time homebuyers or investors, this cozy home offers a blend of classic charm and modern updates. The inviting living and dining areas feature original hardwood floors that extend into the main floor bedrooms, with a large windows that floods the space with natural light. The updated kitchen boasts stainless steel appliances, including a gas stove, a generous pantry, and beautiful diamond-patterned tile, making it a perfect space for any home chef. Just off the kitchen, you'll find a concrete patio area ideal for outdoor entertaining, overlooking the spacious backyard. With parking for three cars and two sheds for extra storage, convenience and space are plentiful. The finished basement provides additional living and storage space, including a large utility room with laundry, and a separate entrance offers the potential for a granny suite or rental unit. The property is currently leased to long-term tenants at $2,435/month plus utilities, the tenants are happy to stay, providing immediate cash flow for investors. Recent updates include a new furnace (2024), main floor windows and steel doors, and new flooring in the basement living room. The roof shingles are being replaced in the last week of March, and attic insulation will be updated in early April. An egress window for the rec room is on order and will be replaced beginning in May. Located just minutes from Western University, Fanshawe College, downtown, and shopping, this home offers exceptional accessibility. With potential for multiple Accessory Dwelling Units (ADUs), this is a fantastic investment opportunity in a highly sought-after area. Don't miss your chance to own this turnkey property with great income potential!