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Property Description
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!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-07-18 | 2024-10-31 | 105 | $669,900 | - | Expired |
2024-01-10 | 2024-03-06 | 56 | $749,999 | - | Terminated |
2023-02-23 | 2023-03-23 | 28 | $524,900 | $524,900 | Sold |
2022-10-27 | 2022-12-21 | 55 | $524,900 | - | Terminated |
2022-10-12 | 2022-10-21 | 9 | $589,900 | - | Terminated |
2023-09-18 | 2024-01-09 | 113 | $699,999 | - | Terminated |
2021-08-17 | 2021-09-13 | 27 | $449,000 | $430,000 | Sold |
Property Features
Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
1500-2000
Lot Size
80' x 217'
Fronting
North
Taxes
$3,225 (2023)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Pvt Double
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Br | Ground | 10.99' x 14.99' | |
2nd Br | Ground | 8.99' x 10.01' | |
Kitchen | Ground | 10.99' x 12.99' | |
Bathroom | Ground | 4.10' x 4.10' | 3 Pc Bath |
Living | Ground | 10.99' x 14.99' | |
3rd Br | 2nd | 10.24' x 10.99' | |
4th Br | 2nd | 10.01' x 10.99' | |
5th Br | Bsmt | 10.60' x 9.25' | |
Br | Bsmt | 10.50' x 8.01' | |
Br | Bsmt | 9.74' x 8.50' | |
Kitchen | Bsmt | 4.99' x 6.00' | |
Bathroom | Bsmt | 4.10' x 4.10' | 3 Pc Bath |
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London Market Statistics
London Price Trend
24 Fairview Crt is a 4-bedroom 2-bathroom home listed for sale at $679,999, which is $198,200 (22.6%) lower than the average sold price of $878,199 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in London declined by $1,432 (0.2%) compared to the previous 30 day period (September 21 - October 20) and down $1,801 (0.2%) from the same time one year ago.Inventory Change
There were 144 4-bedroom homes listed in London over the last 30 days (October 21 - November 19), which is down 11.1% compared with the previous 30 day period (September 21 - October 20) and up 747.1% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($24,170) (2.8%) below asking price over the last 30 days (October 21 - November 19), which represents a $3,593 decrease compared to the previous 30 day period (September 21 - October 20) and ($9,900) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in London over the last 30 days (October 21 - November 19) stood at 60.4%, up from 36.4% over the previous 30 days (September 21 - October 20) and up from 29.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in London stood at 30 days when successfully sold over the last 30 days (October 21 - November 19), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Miracle Realty Ltd
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