Karim Ellis

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24 FAIRVIEW Court, London, Ontario

$669,900

7 Beds
2 Baths
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 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:23309)

Listing ID: 40608660
Property Type: Single Family
Year Built: 1952

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Rooms

Level	Type	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''

Details

Amenities Nearby: Park
Community Features: Quiet Area
Equipment: Water Heater
Features: Southern exposure
Ownership: Freehold
Parking Spaces: 8
Rental Equipment: Water Heater
Transaction: For sale
Zoning Description: R2-2

Building

Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer
BasementType: None
Bedrooms Main Level: 4
Bedrooms Lower Level: 3
Constructed Date: 1952
Construction Style Attachment: Detached
Cooling: Central air conditioning
Exterior Finish: Brick
Fireplace Fuel: Wood
Fireplace Present: True
Fireplace Total: 1
Fireplace Type: Other - See remarks
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1757 sqft
Stories Total: 1.5
Type: House
Utility Water: Municipal water

Land

Amenities: Park
Sewer: Municipal sewage system
Size Frontage: 80 ft

Listing provided by HOMELIFE MIRACLE REALTY MISSISSAUGA
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 24 FAIRVIEW Court in London Ontario. It was last modified on June 24th, 2024. Contact Karim Ellis to schedule a viewing or to discover other London homes for sale.

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