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:58203)
Property Details
| MLS® Number | X8214708 |
| Property Type | Single Family |
| Community Name | East L |
| Amenities Near By | Public Transit |
| Equipment Type | Water Heater - Gas |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater - Gas |
| Structure | Porch, Shed |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Amenities | Fireplace(s) |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Flooring Type | Laminate |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | House |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 164 Ft |
| Size Frontage | 33 Ft |
| Size Irregular | 33 X 164 Ft |
| Size Total Text | 33 X 164 Ft |
| Zoning Description | R8-4 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 4.3 m | 2.7 m | 4.3 m x 2.7 m |
| Second Level | Bedroom 2 | 3.8 m | 3 m | 3.8 m x 3 m |
| Second Level | Bedroom 3 | 3.2 m | 2.4 m | 3.2 m x 2.4 m |
| Lower Level | Recreational, Games Room | 5.4 m | 3.2 m | 5.4 m x 3.2 m |
| Lower Level | Utility Room | 5 m | 2 m | 5 m x 2 m |
| Main Level | Living Room | 3.7 m | 3.7 m | 3.7 m x 3.7 m |
| Main Level | Dining Room | 4.1 m | 3.1 m | 4.1 m x 3.1 m |
| Main Level | Kitchen | 3.5 m | 2.8 m | 3.5 m x 2.8 m |
Utilities
| Cable | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/26722863/764-king-street-london-east-l
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September 06 2024 12:20:27
London and St. Thomas Association of REALTORS®
Initia Real Estate (Ontario) Ltd
