764 King Street No longer available

London, East L, N5W 2X4

$499,900

Description

Listed by INITIA REAL ESTATE (ONTARIO) LTD.

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.

Dryer,Refrigerator,Stove,Washer,None.

Location

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  • Address: 764 King Street
  • Neighborhood: East L
  • City: London
  • State: ON
  • Postal Code: N5W 2X4

Property Details

  • Property ID: 40567732
  • Property Price: $499,900
  • Style: Single Family Residence, 1.5 Storey
  • Sq/Ft: 2400
  • Rooms: 7+3
  • Bedrooms: 3+0
  • Bath: 2
  • Parking Spaces: 3
  • Basement: Full, Partially Finished
  • Heating: Forced Air, Natural Gas
  • Taxes: $2,001.80 (2023)
  • Exposure: North

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Room details and dimensions

Statistics for similar Single Family Residence homes in East L

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Single Family Residence homes in East L

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Single Family Residence homes in East L

Property History

This property has been sold 2 times before. To view this property's sale price history please sign in or register:


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  • Contact Manoj Kukreja

    Sales Representative, Re/max Premier Inc., Brokerage
    (647) 576 - 2100

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