764 King Street London, Ontario N5W 2X4
$499,900
Fully leased until Feb 28, 2025. This property is a great option for the investor to add to their portfolio. Large house with a fully fenced yard a short distance from Western Fair, Gateway Casinos London, the Weekend Market, Fanshawe College and Downtown. This 3 bedroom, two bathroom house is currently tenanted with rent coming in at $2800 per month plus utilities. King street has recently undergone a massive rebuild with one way vehicle traffic and two way bus and emergency vehicle lanes. Owners are still waiting for boulevard repairs by the city but when finished the house will be sitting on a new street with public transit at the door. The 6.2 % cap rate makes this a money maker for any investor. Please allow 24 hours notice on all showings for tenants. (id:19173)
Property Details
| MLS® Number | 40567732 |
| Property Type | Single Family |
| Amenities Near By | Airport |
| Equipment Type | Water Heater |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater |
| Structure | Shed, Porch |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2400 |
| Type | House |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Airport |
| Sewer | Municipal Sewage System |
| Size Depth | 164 Ft |
| Size Frontage | 33 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R8-4 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 4pc Bathroom | Measurements not available | ||
| Second Level | Bedroom | 10'7'' x 8'0'' | ||
| Second Level | Bedroom | 12'4'' x 9'8'' | ||
| Second Level | Primary Bedroom | 14'2'' x 9'0'' | ||
| Basement | Storage | 8'4'' x 6'5'' | ||
| Basement | Recreation Room | 17'8'' x 10'6'' | ||
| Basement | 3pc Bathroom | Measurements not available | ||
| Main Level | Kitchen | 11'4'' x 9'4'' | ||
| Main Level | Dining Room | 13'5'' x 10'3'' | ||
| Main Level | Living Room | 12'0'' x 12'0'' |
https://www.realtor.ca/real-estate/26722628/764-king-street-london
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April 08 2024 11:10:32
London and St. Thomas Association of REALTORS®
Initia Real Estate (Ontario) Ltd