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24 Fairview Court London, Ontario N6C 2C5

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$669,900

MLS® Number: 40608660
7 2

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:59126)

Property Details

MLS® Number 40608660
Property Type Single Family
AmenitiesNearBy Park
CommunityFeatures Quiet Area
EquipmentType Water Heater
Features Southern Exposure
ParkingSpaceTotal 8
RentalEquipmentType Water Heater

Building

BathroomTotal 2
BedroomsAboveGround 4
BedroomsBelowGround 3
BedroomsTotal 7
Appliances Dishwasher, Dryer, Refrigerator, Stove, Washer
BasementType None
ConstructedDate 1952
ConstructionStyleAttachment Detached
CoolingType Central Air Conditioning
ExteriorFinish Brick
FireplaceFuel Wood
FireplacePresent Yes
FireplaceTotal 1
FireplaceType Other - See Remarks
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 1757 Sqft
Type House
UtilityWater Municipal Water

Rooms

Level Type Dimensions
Second Level Bedroom 11'0'' x 10'0''
Second Level Bedroom 11'0'' x 10'3''
Second Level Bedroom 10'0'' x 9'0''
Second Level Primary Bedroom 15'0'' x 11'0''
Basement 3pc Bathroom Measurements not available
Basement Kitchen 6'0'' x 5'0''
Basement Bedroom 8'6'' x 9'9''
Basement Bedroom 8'0'' x 10'6''
Basement Bedroom 9'3'' x 10'7''
Main Level 4pc Bathroom Measurements not available
Main Level Living Room 15'0'' x 11'0''
Main Level Kitchen 13'0'' x 11'0''

Land

Acreage No
LandAmenities Park
Sewer Municipal Sewage System
SizeDepth 217 Ft
SizeFrontage 80 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription R2-2

Parking

None

https://www.realtor.ca/real-estate/27070416/24-fairview-court-london

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