$ 499,900
764 King ST London, ON N5W 2X4
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$ 499,900
Est. payment | /mo
3 Beds
$ 499,900
Est. payment | /mo
3 Beds
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X8214708
Style 2-Storey
Bedrooms 3
Annual Tax Amount $2,001
Tax Year 2023
Property Description
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.
Location
Province ON
County Middlesex
Area East L
Rooms
Family Room Yes
Basement Full, Partially Finished
Kitchen 1
Interior
Interior Features None
Cooling Central Air
Fireplaces Type Wood
Fireplace Yes
Heat Source Gas
Exterior
Exterior Feature Porch
Garage Private
Garage Spaces 3.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Parking Type None
Total Parking Spaces 3
Building
Unit Features Fenced Yard,Public Transit
Foundation Block
Listed by INITIA REAL ESTATE (ONTARIO) LTD
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