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:4069)
Address |
24 FAIRVIEW Court |
List Price |
$669,900 |
Property Type |
Single Family |
Type of Dwelling |
House |
Area |
Ontario |
Sub-Area |
London |
Bedrooms |
7 |
Bathrooms |
2 |
Floor Area |
1,757 Sq. Ft. |
Year Built |
1952 |
MLS® Number |
40608660 |
Listing Brokerage |
HOMELIFE MIRACLE REALTY MISSISSAUGA
| HOMELIFE MIRACLE REALTY LTD
|
Basement Area |
None |
Postal Code |
N6C2C5 |
Zoning |
R2-2 |
Site Influences |
Park |
Features |
Southern exposure |