24 Fairview CT new Save Request In-Person Tour Request Virtual Tour
London,ON N6C 2C5
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X10428077
Style Bungalow-Raised
Bedrooms 4
Annual Tax Amount $3,225
Tax Year 2023
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!
Location
State ON
County Middlesex
Area South I
Rooms
Family Room No
Basement Finished,Separate Entrance
Kitchen 2
Separate Den/Office 3
Interior
Interior Features Ventilation System,In-Law Suite,Carpet Free,Countertop Range,Primary Bedroom - Main Floor,Water Heater
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Garage Private Double
Garage Spaces 8.0
Pool None
Waterfront No
Waterfront Description None
View Trees/Woods,Garden,Creek/Stream
Roof Type Asphalt Shingle
Topography Flat
Total Parking Spaces 8
Building
Unit Features Public Transit,Place Of Worship,School
Foundation Poured Concrete
Others
Security Features Carbon Monoxide Detectors,Smoke Detector