764 KING STREET, London, Ontario, N5W 2X4

$499,900

MLS® # X8214708

House For Sale In East London, London, Ontario

$499,900

  • 3

    Bedrooms

  • 2

    Baths

  • 33 x 164 FT

    Lot Size

Property Information:

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:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Basement Development: Partially finished
  • Basement Type: Full
  • Construction Style - Attachment: Detached
  • Exterior Finish: Brick
  • Fireplace: Yes
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dryer, Refrigerator, Stove, Washer

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 3
  • Bathrooms: 2
  • Amenities Nearby: Public Transit
  • Irregular: Yes
  • Lot Size: 33 x 164 FT
  • Structure Type: Porch
  • Utility Type: Sewer - Installed, Cable - Available
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 3

Rooms:

  • Primary Bedroom 2nd Level 4.30 m x 2.70 m
  • 2nd Bedroom 2nd Level 3.80 m x 3.00 m
  • 3rd Bedroom 2nd Level 3.20 m x 2.40 m
  • Recreation Room Lower Level 5.40 m x 3.20 m
  • Utility Lower Level 5.00 m x 2.00 m
  • Living Main Level 3.70 m x 3.70 m
  • Dining Main Level 4.10 m x 3.10 m
  • Kitchen Main Level 3.50 m x 2.80 m

Courtesy of: INITIA REAL ESTATE (ONTARIO) LTD

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

Additional Photos