$ 499.900

764 King Street, London

4 Photos

Recreation room - 764 King Street, London, ON N5W2X4 Photo 2

3pc Bathroom - 764 King Street, London, ON N5W2X4 Photo 3

4pc Bathroom - 764 King Street, London, ON N5W2X4 Photo 4

Bedrooms: 3
Bathrooms: 2
Living area: 2400 sqft

MLS®: 40567732
Type: Residential
Added: 22 days ago

Property Details

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. (id:1945)

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Property Information

Sewer: Municipal sewage system
Cooling: None
Heating: Forced air, Natural gas
Stories: 1.5
Basement: Partially finished, Full
Appliances: Washer, Refrigerator, Stove, Dryer
Directions: Going east on King past Lyle house is on the left.
Living Area: 2400
Photos Count: 4
Water Source: Municipal water
Parking Total: 3
Bedrooms Total: 3
Structure Type: House
Common Interest: Freehold
Subdivision Name: East L
Tax Annual Amount: 2001.8
Exterior Features: Brick
Zoning Description: R8-4

Room Dimensions

Type	Level	Dimensions
Storage	Basement	6'5'' x 8'4''
Recreation room	Basement	10'6'' x 17'8''
3pc Bathroom	Basement
4pc Bathroom	Second level
Bedroom	Second level	8'0'' x 10'7''
Bedroom	Second level	9'8'' x 12'4''
Primary Bedroom	Second level	9'0'' x 14'2''
Kitchen	Main level	9'4'' x 11'4''
Dining room	Main level	10'3'' x 13'5''
Living room	Main level	12'0'' x 12'0''

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Nearby Places

Name	Type	Address	Distance
Aeolian Hall (London, Ontario)	and Rectory St, just to the east of Adelaide St...		0.2 km
Aeolian Hall	Establishment	795 Dundas St	0.2 km
Western Fair	Establishment	316 Rectory Street	0.3 km
London Police Service	Established in 1855 and renamed from the name Lond...		0.5 km
Flame of Hope (diabetes)	The Flame will only be extinguished when a cure fo...		0.5 km
Western Fair	Organizers had hoped to use the Crystal Palace Bar...		0.5 km
Banting House	in London, Ontario, Canada, it is the house where ...		0.5 km
Banting House National Historic Site	Museum	442 Adelaide St N	0.5 km
London Police Service	Police	601 Dundas St	0.6 km
H.B. Beal Secondary School	School	London	0.8 km
H. B. Beal Secondary School	It is named after Herbert Benson Beal, the founder...		0.8 km
Catholic Central High School	School	450 Dundas St	1.1 km

Similar Houses Stat in London

We have found 6 Houses that closely match the specifications of the property located at 764 King Street with distances ranging from 2 to 8 kilometers away. The prices for these similar properties vary between 539,000 and 695,000, providing a good range for comparison. Moreover, we have also discovered that there are a few open Houses in the N5W2X4 postal code area of London Ontario Canada.

764 King Street mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 764 King Street. The current price of the property is $499,900, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $399,920. This would result in a monthly mortgage payment of $2,338 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree	50
Bachelor's degree	110
University / Above bachelor level	20
University / Below bachelor level	15
Certificate of Qualification	10
College	270
Degree in medicine	15
University degree at bachelor level or above	205

Neighbourhood Marital Status Stat

Married	150
Widowed	40
Divorced	125
Separated	80
Never married	630
Living common law	145
Married or living common law	295
Not married and not living common law	865

Neighbourhood Construction Date

1961 to 1980	35
1981 to 1990	35
1991 to 2000	45
2001 to 2005	20
2006 to 2010	55
1960 or before	130

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