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:4069)
| Address |
24 FAIRVIEW COURT |
| List Price |
$679,999 |
| Property Type |
Single Family |
| Type of Dwelling |
House |
| Style of Home |
Raised bungalow |
| Area |
Ontario |
| Sub-Area |
London |
| Bedrooms |
7 |
| Bathrooms |
2 |
| Floor Area |
1,500 Sq. Ft. |
| Lot Size |
79.8 x 216.9 FT Sq. Ft. |
| MLS® Number |
X10428077 |
| Listing Brokerage |
HOMELIFE/MIRACLE REALTY LTD
|
| Basement Area |
N/A (Finished) |
| Postal Code |
N6C2C5 |
| Zoning |
R2-2 |
| Site Influences |
Public Transit, Place of Worship, Schools |
| Features |
Flat site, Carpet Free, In-Law Suite |
