764 King Street, London

$499,900

3 Beds
2 Baths
1,800 Sqft
0 Acres
0 Garages

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.

Essential Information
MLS® #40567732
Price$499,900
Bedrooms3
Bathrooms2.00
Full Baths2
Square Footage1,800
TypeResidential
Sub-TypeSingle Family Residence
Style1.5 Storey
StatusActive
Community Information
Address764 King Street
AreaEast
SubdivisionEast L
CityLondon
CountyMiddlesex
ProvinceON
Postal CodeN5W 2X4
Amenities
Parking Spaces3
Interior
HeatingForced Air, Natural Gas
CoolingNone
Has BasementYes
BasementFull, Partially Finished
Appliances

Water Heater, Dryer, Refrigerator, Stove, Washer

Exterior
RoofAsphalt Shing
FoundationBlock
Lot Description

Urban, Rectangular, Airport, Business Centre, City Lot

Additional Information
Days on Market24
Listing Details
Office

INITIA REAL ESTATE (ONTARIO) LTD

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