London, Ontario is home to two highly respected educational institutions: Western University and Fanshawe College. Many parents choose to buy a home for their child while they attend school, providing both stability and a smart real estate investment. At Were.Westwood.Team, we understand the unique considerations involved in purchasing student housing, and we’re here to guide you through the process.
Why Invest in a Home for Your Child?
Aside from its academic prestige, London offers a safe and vibrant environment for students. Investing in a home near Western University or Fanshawe College can provide long-term financial benefits, while also giving your child a stable place to live during their studies.
Top 3 Programs at Western University

Western University is known for its diverse range of academic programs and strong reputation as one of Canada’s top research institutions. Below are three of the university’s leading programs:
1. Ivey Business School (HBA Program)
The Ivey Business School is one of Canada’s most respected business schools, offering a world-renowned Honours Business Administration (HBA) program. Students learn through a case-based approach, preparing them for leadership roles in the business world. Many parents find the Masonville and Old North areas ideal, as they offer safe, student-friendly environments near campus.
2. Schulich School of Medicine & Dentistry (MD Program)
Western’s Schulich School of Medicine & Dentistry is widely regarded for its rigorous MD program, which produces highly skilled medical professionals. Many parents choose homes in Byron or Sunningdale, neighborhoods known for their quiet, family-friendly atmosphere.
3. Faculty of Law (JD Program)
The Faculty of Law at Western offers a top-ranked Juris Doctor (JD) program, which prepares students for successful careers in law. Neighborhoods such as Richmond Hill and Wortley Village are popular choices for parents seeking close proximity to campus in an urban yet relaxed setting.
Top 3 Programs at Fanshawe College

Fanshawe College is well-known for its practical, career-oriented programs that equip students with hands-on experience. Here are three of its standout programs:
1. Nursing (BScN Program)
Fanshawe’s Nursing program is a collaborative effort with Western University, offering a Bachelor of Science in Nursing (BScN). With excellent clinical placements, it’s a popular choice among aspiring healthcare professionals. Parents often look to areas like Huron Heights or Carling for affordable housing close to Fanshawe.
2. Video Game Design and Development
Fanshawe’s Video Game Design and Development program is one of the country’s best, offering students the skills to enter the gaming industry. Parents buying homes for students in this program often consider neighborhoods such as Stoney Creek and Kilally, known for their affordable housing options.
3. Aviation Technician – Aircraft Maintenance
The Aviation Technician program is a career-focused program offering hands-on training in aircraft maintenance. Argyle and East London are ideal locations for parents looking to invest, with proximity to both Fanshawe and London’s airport.
The Benefits of Buying a Home for Your Child
1. Investment Potential:
Purchasing property near Western University or Fanshawe College offers a chance to build equity. Instead of paying rent, owning a home allows you to invest in the local real estate market, which has shown steady growth over the years. When it's time to sell, we can help you attain maximum returns on your investment.
2. Rental Opportunities:
Many parents offset mortgage costs by renting out extra rooms to other students. However, it’s essential to check local bylaws, particularly in condos, where there may be restrictions on student rentals or room-by-room leasing. Always review condo documents carefully to avoid issues.
3. Providing Stability:
Owning a home gives your child a stable living environment during their university years. This can help reduce stress and allow them to focus on their studies without the uncertainty of yearly lease renewals.
Risks to Consider When Buying Student Housing
1. Condo Restrictions:
Some condos prohibit student rentals or have specific rules against renting rooms individually. It’s crucial to thoroughly review condo bylaws before making a purchase to ensure that your investment plan is viable. At Were.Westwood.Team, we help our clients navigate these complexities to avoid costly mistakes.
2. Higher Maintenance Costs:
Student housing can experience more wear and tear than other types of properties, leading to increased maintenance expenses. Be prepared for these costs and ensure that the property is in good condition before renting it out.
3. Potential Vacancies:
There’s a risk of vacancies during the summer months or between semesters, so it’s important to budget for periods when rental income may be lower or nonexistent.
How Westwood.Team Can Help
We help parents find homes for their university-bound children. We’ll assist you in:
Finding the Best Location:
We know the neighborhoods around Western University and Fanshawe College that are perfect for student housing, whether you’re looking for a single-family home, a condo, or a townhouse.
Reviewing Legal Documents:
We ensure that all condo and homeowner association documents are reviewed carefully to avoid any restrictions that could affect your rental plans.
Navigating the Market:
Our team has deep knowledge of the London real estate market, and we can help you make a purchase that balances both your child’s needs and your investment goals.
Selling:
When your child is ready to move on to the next chapter, we are here to market your property to achieve maximum return potential.
Ready to Invest in Your Child’s Education?
Investing in a home for your child while they attend Western University or Fanshawe College can provide both immediate and long-term benefits. At Were.Westwood.Team, we’re here to make the process as smooth as possible.
Contact us today to explore current listings and start your real estate journey in London, Ontario.
Commenti