24 Fairview Court For Sale

London, South I, N6C 2C5

$679,999

Description

Listed by HOMELIFE/MIRACLE REALTY LTD.

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!

Location

View Map
  • Address: 24 Fairview Court
  • Neighborhood: South I
  • City: London
  • State: Ontario
  • Postal Code: N6C 2C5

Property Details

  • Property ID: X10428077
  • Property Price: $679,999
  • Style: Detached, Bungalow-Raised
  • Sq/Ft: 1500-2000
  • Rooms: 4+3
  • Bedrooms: 4+3
  • Bath: 2
  • Parking Spaces: 8
  • Year Built: 51-99
  • A/C: Central Air
  • Basement: Finished, Sep Entrance
  • Den: N
  • Elevator: N
  • Exterior: Brick
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $3,225.00 (2023)
  • Lot: 216.90x79.81 (Feet)

Room details and dimensions

Statistics for similar Detached homes in South I

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 Detached homes in South I

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 Detached homes in South I

Property History

This property has been sold 6 times before. To view this property's sale price history please sign in or register:


Sign In / Register

Recently Sold

    • Sold 52 days ago

    82 Concession Road

    Madoc, K0K 2K0

    $679,900

    $000000

  • Contact Manoj Kukreja

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