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$669,900
Status: For Sale
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!
| Property Type | :Residential |
|---|---|
| MLS Number | :40608660 |
| Listing Type | :Sale |
| Property Age | :51-99 Years years |
| Possession Date | : |
| Last Updated | :26 Sep, 2024 (21 Days ago) |
| Source | :Mississauga |
| Area | :Middlesex |
|---|---|
| City | :London |
| Area Major | :South |
| Area Minor | :South H |
| Postal Code | : N6C 2C5 |
| Directions | :Fairview / Westminster |
| Price | : $669,900 |
|---|---|
| Property Taxes | :$3225 |
| Tax Year | :2023 |
|---|
| Bedrooms | :7 + |
|---|---|
| No. of Rooms | :12 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Place of Worship | :No |
| Cross Street | :Fairview & Westminster |
| Bathrooms | :2 |
|---|---|
| Approx Square Footage | :1757 sqft |
| Bedroom | :3.35 m x 3.05 m |
|---|---|
| Bedroom | :3.35 m x 3.12 m |
| Kitchen | :1.83 m x 1.52 m |
| Bedroom | :2.82 m x 3.23 m |
| Bedroom | :2.59 m x 2.97 m |
|---|---|
| Living Room | :4.57 m x 3.35 m |
| Bedroom Primary | :4.57 m x 3.35 m |
| Kitchen | :3.96 m x 3.35 m |
| Parking Space | :8 |
|---|
| Garage | :0 |
|---|---|
| Park | :Park |
18 Jul, 2024
TREB #40608660
Price Change
$669900
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