24 FAIRVIEW Court Active Save Request In-Person Tour Request Virtual Tour
London,ON N6C2C5
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,757 sqft
Price per Sqft $381
Subdivision South H
MLS Listing ID 40608660
Bedrooms 7
Originating Board Cornerstone - Mississauga
Year Built 1952
Property Description
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:24570)
Location
Province ON
Rooms
Extra Room 1 Second level 11'0'' x 10'0'' Bedroom
Extra Room 2 Second level 11'0'' x 10'3'' Bedroom
Extra Room 3 Second level 10'0'' x 9'0'' Bedroom
Extra Room 4 Second level 15'0'' x 11'0'' Primary Bedroom
Extra Room 5 Basement Measurements not available 3pc Bathroom
Extra Room 6 Basement 6'0'' x 5'0'' Kitchen
Interior
Heating Forced air,
Cooling Central air conditioning
Fireplaces Number 1
Fireplaces Type Other - See remarks
Exterior
Garage No
Community Features Quiet Area
Waterfront No
View Y/N No
Total Parking Spaces 8
Private Pool No
Building
Story 1.5
Sewer Municipal sewage system
Others
Ownership Freehold