24 FAIRVIEW Court, London, Ontario N6C 2C5
$669,900.00
- 7 bedrooms
- 2 bathrooms
- 1,757 Square Feet
Explore this meticulously renovated home, presenting a lucrative investment opportunity with potential monthly earnings of up to $6,000. This expansive property boasts 7 bedrooms on a sizable lot of 79.81 x 216.9 feet. The main floor features 4 bedrooms, complemented by 3 additional bedrooms in the newly renovated basement. Each level includes complete living areas, fully equipped kitchens, and modern bathrooms, perfect for generating rental income, accommodating in-law suites, or multi-generational living. With a separate basement entrance ensuring privacy and convenience, the property offers flexibility—live in one section while renting out the ... read more
Explore this meticulously renovated home, presenting a lucrative investment opportunity with potential monthly earnings of up to $6,000. This expansive property boasts 7 bedrooms on a sizable lot of 79.81 x 216.9 feet. The main floor features 4 bedrooms, complemented by 3 additional bedrooms in the newly renovated basement. Each level includes complete living areas, fully equipped kitchens, and modern bathrooms, perfect for generating rental income, accommodating in-law suites, or multi-generational living. With a separate basement entrance ensuring privacy and convenience, the property offers flexibility—live in one section while renting out the other, or maximize returns by leasing the entire space. Benefit from a strong cap rate ranging from 8% to 10%. Additional features such as a durable metal roof, an extended paved driveway for 8 cars, and a spacious backyard enhance rental appeal. Positioned on an expansive lot, this property not only provides a comfortable residence but also promises a path to financial success. Schedule a showing today to witness the potential for profitable returns and adaptable living arrangements—your journey to financial freedom begins here! (id:25417)
- Listing ID: 40608660
- Property Type: Single Family
- Year Built: 1952
Property | |
---|---|
Ownership: | Freehold |
Lot Size: | Under 1/2 Acre |
Parking: | None 8 Spaces |
Building | |
---|---|
Type: | Single Family House |
Appliances: | Dryer, Refrigerator, Stove, Washer and Dishwasher |
HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas (Fireplace is Wood) |
Exterior: | Brick |
Basement: | None |
Utilities: | Municipal Sewage System |
Location | |
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City: | London |
Province: | Ontario |
Nearby Amenities: | Park and Quiet Area |
Rooms | Level | Dimensions |
---|---|---|
Bedroom | Second level | 11'0'' x 10'0'' |
Bedroom | Second level | 11'0'' x 10'3'' |
Bedroom | Second level | 10'0'' x 9'0'' |
Primary Bedroom | Second level | 15'0'' x 11'0'' |
3pc Bathroom | Basement | Measurements not available |
Kitchen | Basement | 6'0'' x 5'0'' |
Bedroom | Basement | 8'6'' x 9'9'' |
Bedroom | Basement | 8'0'' x 10'6'' |
Bedroom | Basement | 9'3'' x 10'7'' |
4pc Bathroom | Main level | Measurements not available |
Living room | Main level | 15'0'' x 11'0'' |
Kitchen | Main level | 13'0'' x 11'0'' |
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