24 Fairview Crt

London, N6C 2C5
FOR SALE
$669,900
24 Fairview Crt, London
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4 + 3
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
4 + 3
ROOMS
X9045432
MLSID
Contact Us
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!
Listing History
List Date End Date Days Listed List Price Sold Price Status
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
Property Details
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
Room Summary
RoomLevelSizeFeatures
BrGround10.99' x 14.99'
2nd BrGround8.99' x 10.01'
KitchenGround10.99' x 12.99'
BathroomGround4.10' x 4.10'3 Pc Bath
LivingGround10.99' x 14.99'
3rd Br2nd10.24' x 10.99'
4th Br2nd10.01' x 10.99'
5th BrBsmt10.60' x 9.25'
BrBsmt10.50' x 8.01'
BrBsmt9.74' x 8.50'
KitchenBsmt4.99' x 6.00'
BathroomBsmt4.10' x 4.10'3 Pc Bath
London Market Statistics
London Price Trend
24 Fairview Crt is a 4-bedroom 2-bathroom home listed for sale at $669,900, which is $259,010 (27.9%) lower than the average sold price of $928,910 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 4 bedroom home in London increased by $43,750 (4.9%) compared to the previous 30 day period (July 20 - August 18) and up $96,910 (11.6%) from the same time one year ago.
Inventory Change
There were 145 4-bedroom homes listed in London over the last 30 days (August 19 - September 17), which is up 25.0% compared with the previous 30 day period (July 20 - August 18) and up 559.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($40,513) (4.4%) below asking price over the last 30 days (August 19 - September 17), which represents a $18,612 decrease compared to the previous 30 day period (July 20 - August 18) and ($30,444) 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 (August 19 - September 17) stood at 47.6%, down from 58.6% over the previous 30 days (July 20 - August 18) and up from 36.4% 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 38 days when successfully sold over the last 30 days (August 19 - September 17), compared to 68 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife/Miracle Realty Ltd
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