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:35492)
MLS® Number | 40608660 |
Property Type | Single Family |
Amenities Near By | Park |
Community Features | Quiet Area |
Equipment Type | Water Heater |
Features | Southern Exposure |
Parking Space Total | 8 |
Rental Equipment Type | Water Heater |
Bathroom Total | 2 |
Bedrooms Above Ground | 4 |
Bedrooms Below Ground | 3 |
Bedrooms Total | 7 |
Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer |
Basement Type | None |
Constructed Date | 1952 |
Construction Style Attachment | Detached |
Cooling Type | Central Air Conditioning |
Exterior Finish | Brick |
Fireplace Fuel | Wood |
Fireplace Present | Yes |
Fireplace Total | 1 |
Fireplace Type | Other - See Remarks |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Stories Total | 2 |
Size Interior | 1757 Sqft |
Type | House |
Utility Water | Municipal Water |
None |
Acreage | No |
Land Amenities | Park |
Sewer | Municipal Sewage System |
Size Depth | 217 Ft |
Size Frontage | 80 Ft |
Size Total Text | Under 1/2 Acre |
Zoning Description | R2-2 |
Level | Type | Length | Width | Dimensions |
---|---|---|---|---|
Second Level | Bedroom | 11'0'' x 10'0'' | ||
Second Level | Bedroom | 11'0'' x 10'3'' | ||
Second Level | Bedroom | 10'0'' x 9'0'' | ||
Second Level | Primary Bedroom | 15'0'' x 11'0'' | ||
Basement | 3pc Bathroom | Measurements not available | ||
Basement | Kitchen | 6'0'' x 5'0'' | ||
Basement | Bedroom | 8'6'' x 9'9'' | ||
Basement | Bedroom | 8'0'' x 10'6'' | ||
Basement | Bedroom | 9'3'' x 10'7'' | ||
Main Level | 4pc Bathroom | Measurements not available | ||
Main Level | Living Room | 15'0'' x 11'0'' | ||
Main Level | Kitchen | 13'0'' x 11'0'' |
https://www.realtor.ca/real-estate/27070416/24-fairview-court-london
Contact us for more information
Ranjan Sharma
Salesperson
(905) 624-5678
(905) 624-5677
www.homelifemiracle.com/