764 King Street
London, ON, N5W 2X4
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.
Property Specification
| MLS Number | 40567732 |
| Property Type | Residential |
| Building Area | 2,400 Square Feet |
| Architectural Style | 1.5 Storey |
| Full Bathrooms | 2 |
| Total Bedrooms | 3 |
| Basement | Full, Partially Finished |
| Above Grade Sqf | 1,800 Square Feet |
| Cooling | None |
| Heating | Forced Air, Natural Gas |
| Kitchen(s) | 1 |
| Parking Spaces | 3 |
| Sewage | Sewer (Municipal) |
| Room 1 - Main level | Living Room (3.66 x 3.66 m) |
| Room 2 - Main level | Kitchen (3.45 x 2.84 m) |
| Room 3 - Main level | Dining Room (4.09 x 3.12 m) |
| Room 4 - Second level | Bedroom Primary (4.32 x 2.74 m) |
| Room 5 - Second level | Bedroom (3.76 x 2.95 m) |
| Room 6 - Second level | Bedroom (3.23 x 2.44 m) |
| Room 7 - Second level | Bathroom 4-Piece |
| Room 8 - Basement | Recreation Room (5.38 x 3.20 m) |
| Room 9 - Basement | Bathroom 3-Piece |
| Room 10 - Basement | Storage (2.54 x 1.96 m) |
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Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
Listing courtesy of: INITIA REAL ESTATE (ONTARIO) LTD