Home with brick exterior material, building for 764 KING St, London Ontario N5W 2X4
44 days on Market

764 KING St, London, Ontario N5W 2X4

Detached
3
2
- sqft
$499,900
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Detached
3
2
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$2,147/mo

Tax Amount (2023)$2,002/yr

Days On Market44 days


Description

Great property to add to your investment portfolio. Fully leased until Feb 28, 2025. 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. Leased until Feb 28th and the tenants would like to stay. King street has recently undergone a massive rebuild with one way vehicle traffic and two way bus and emergency vehicle lanes. The input of our tax dollars has improved the area and curb appeal. The 6.2 % cap rate makes this a money maker for any investor. Please allow 24 hours notice on all showings for tenants.


Property Details

Style1 1/2 Storey
View-
Age of property51-99
SqFt-
Lot Size5,412 SqFt(164 x 33)
Parking Spaces3
MLS ®NumberX11898529
Community NameEast London
Data SourceTRREB
Listing byInitia Real Estate (Ontario) Ltd

Features

Heating: Forced Air
Cooling: Central Air
Basement: Full, Part Fin

Main Floor

Living

3.66 x 3.66

Dining

4.09 x 3.12

Kitchen

3.45 x 2.84


Features

Lot size: 5,412 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 3


Property listed by Initia Real Estate (Ontario) Ltd, Brokerage
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Population and Demographics

Overview

Total population 10542
Average household income $82,222

Age (%)

20 to 34
31%
50 to 64
22%
35 to 49
19%
0 to 19
16%
65 and plus
13%

Household composition (%)

Single person
45%
Single family
45%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
87%
Others
5%
Spanish
3%
Portuguese
1%
French
1%

House tenancy (%)

Renters
55%
Owners
45%

Schools and amenities

Estimated Budget