764 King Street, London East (East L), Ontario, N5W2X4




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$445,000
London East
This 3-bedroom, 2-bathroom home in London East is for sale.
Great property to add to your investment portfolio. New tenant on month to month rental basis. 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 tenanted with rent of $2500 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. The input of our tax dollars has improved the area and curb appeal. The cap rate makes this a money maker for any investor. Separate entrance makes this one that could be duplexed. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 116 days on market, against an average age of 71 days across the listings currently for sale in this city
This 3-bed single family in London East (East L) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $445,000, about 6.9× the local median household income of $64,500.
Carrying it typically needs a household income of about $86,924 (20% down, 25-yr amortization, stress-tested) — roughly 35% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5W)
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Loading rates, 30-yr amortization
Cash Needed to Close
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