Explore this meticulously renovated home, presenting a lucrative investment opportunity with potential monthly earnings of up to $6,000. This expansive property boasts 7 bedrooms on a sizable lot of 79.81 x 216.9 feet. The main floor features 4 bedrooms, complemented by 3 additional bedrooms in the newly renovated basement. Each level includes complete living areas, fully equipped kitchens, and modern bathrooms, perfect for generating rental income, accommodating in-law suites, or multi-generational living. With a separate basement entrance ensuring privacy and convenience, the property offers flexibility live in one section while renting out the other, or maximize returns by leasing the entire space. Benefit from a strong cap rate ranging from 8% to 10%. Additional features such as a durable metal roof, an extended paved driveway for 8 cars, and a spacious backyard enhance rental appeal. Positioned on an expansive lot, this property not only provides a comfortable residence but also promises a path to financial success. Schedule a showing today to witness the potential for profitable returns and adaptable living arrangements your journey to financial freedom begins here! (id:58315)
| MLS® Number | X10428077 |
| Property Type | Single Family |
| Community Name | South I |
| AmenitiesNearBy | Public Transit, Place Of Worship, Schools |
| Features | Flat Site, Carpet Free, In-law Suite |
| ParkingSpaceTotal | 8 |
| BathroomTotal | 2 |
| BedroomsAboveGround | 4 |
| BedroomsBelowGround | 3 |
| BedroomsTotal | 7 |
| Appliances | Range, Water Heater, Dishwasher, Dryer, Refrigerator, Two Stoves, Washer |
| ArchitecturalStyle | Raised Bungalow |
| BasementDevelopment | Finished |
| BasementFeatures | Separate Entrance |
| BasementType | N/a (finished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning, Ventilation System |
| ExteriorFinish | Brick |
| FireProtection | Smoke Detectors |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 1499.9875 - 1999.983 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
| Acreage | No |
| LandAmenities | Public Transit, Place Of Worship, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 216 Ft ,10 In |
| SizeFrontage | 79 Ft ,9 In |
| SizeIrregular | 79.8 X 216.9 Ft |
| SizeTotalText | 79.8 X 216.9 Ft |
| ZoningDescription | R2-2 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom 3 | 3.35 m | 3.12 m | 3.35 m x 3.12 m |
| Second Level | Bedroom 4 | 3.35 m | 3.05 m | 3.35 m x 3.05 m |
| Basement | Kitchen | 1.83 m | 1.52 m | 1.83 m x 1.52 m |
| Basement | Bathroom | 1.25 m | 1.25 m | 1.25 m x 1.25 m |
| Basement | Bedroom 5 | 2.82 m | 3.23 m | 2.82 m x 3.23 m |
| Basement | Bedroom | 2.44 m | 3.2 m | 2.44 m x 3.2 m |
| Basement | Bedroom | 2.59 m | 2.97 m | 2.59 m x 2.97 m |
| Ground Level | Bedroom | 4.57 m | 3.35 m | 4.57 m x 3.35 m |
| Ground Level | Bedroom 2 | 3.05 m | 2.74 m | 3.05 m x 2.74 m |
| Ground Level | Kitchen | 3.96 m | 3.35 m | 3.96 m x 3.35 m |
| Ground Level | Bathroom | 1.25 m | 1.25 m | 1.25 m x 1.25 m |
| Ground Level | Living Room | 4.57 m | 3.35 m | 4.57 m x 3.35 m |
https://www.realtor.ca/real-estate/27659376/24-fairview-court-london-south-i
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