Karim Ellis

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24 FAIRVIEW COURT, London, Ontario

$669,900

7 Beds
2 Baths

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: X9045432
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Bedroom 3	Second level	3.35 m x 3.12 m
Bedroom 4	Second level	3.35 m x 3.05 m
Kitchen	Basement	1.83 m x 1.52 m
Bathroom	Basement	1.25 m x 1.25 m
Bedroom 5	Basement	2.82 m x 3.23 m
Bedroom	Basement	2.44 m x 3.2 m
Bedroom	Basement	2.59 m x 2.97 m
Bedroom	Ground level	4.57 m x 3.35 m
Bedroom 2	Ground level	3.05 m x 2.74 m
Kitchen	Ground level	3.96 m x 3.35 m
Bathroom	Ground level	1.25 m x 1.25 m
Living room	Ground level	4.57 m x 3.35 m

Details

Architectural Style: Raised bungalow
Amenities Nearby: Public Transit, Place of Worship, Schools
Equipment: Water Heater
Features: Flat site, Carpet Free, In-Law Suite
Ownership: Freehold
Parking Spaces: 8
Rental Equipment: Water Heater
Transaction: For sale
Zoning Description: R2-2

Building

Appliances: Range, Water Heater, Dishwasher, Dryer, Refrigerator, Stove, Washer
Architectural Style: Raised bungalow
BasementType: N/A (Finished)
Basement Development: Finished
Basement Features: Separate entrance
Bedrooms Main Level: 4
Bedrooms Lower Level: 3
Construction Style Attachment: Detached
Cooling: Central air conditioning, Ventilation system
Exterior Finish: Brick
Fireplace Present: False
Fire Protection: Smoke Detectors
Foundation: Poured Concrete
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1499.9875 - 1999.983 sqft
Stories Total: 1
Type: House
Utility Water: Municipal water

Land

Amenities: Public Transit, Place of Worship, Schools
Sewer: Sanitary sewer
Size Frontage: 79 ft ,9 in
Size Irregular: 79.8 x 216.9 FT

Listing provided by HOMELIFE/MIRACLE REALTY LTD
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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 July 18th, 2024. Contact Karim Ellis to schedule a viewing or to discover other London homes for sale.

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