764 KING Street
London East, ON
3 bed • 2 bath • 2,400 sqft • Detached • 655 days on market
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.
Listing Details
- Taxes (2023)
- $2,002
- Listed
- November 4, 2024
Price History
Listing history
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Property
- Style
- 1 1/2 Storey
- Age
- 51-99
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Block
- Interior
- Water Heater
- Lot Size
- 33 x 164 Feet
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Going east on King past Lyle house is on the left.
- Zoning
- R8-4
- Parcel Number
- 083110100
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- Dryer, Refrigerator, Stove, Washer
- Exclusions
- Tenant belongings
Schools
Elementary
- St Mary School0.3 km
Catholic · London District Catholic School Board · 230 students
Grade 6 math: 85% met the provincial standard
- Aberdeen Public School0.9 km
Public · Thames Valley DSB · 295 students
Grade 3 reading: 43% met the provincial standard · Grade 6 math: 33% met the provincial standard
- Woodfield French Immersion Public School1.2 km
Public · Thames Valley DSB · 270 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 52% met the provincial standard
Secondary
- H B Beal Secondary School0.8 km
Public · Thames Valley DSB · 1525 students
Grade 10 literacy: 79% met the provincial standard
- Catholic Central High School1.1 km
Catholic · London District Catholic School Board · 1310 students
Grade 10 literacy: 89% met the provincial standard
- B Davison Secondary School Secondary School1.4 km
Public · Thames Valley DSB
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N5W
- Population
- 24,740
- Private dwellings
- 12,388
- Median age
- 40.4
- Average household size
- 2.1
- Median household income
- $64,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in London East · last 12 months
- Median sold price
- $460,000
- Homes sold
- 1,318
- Median days on market
- 24
- Sale-to-list price
- 97.1%
Based on 1,318 recorded sales of residential freehold properties in London East over the last 12 months.
Listed by
Initia Real Estate (Ontario) Ltd
Location
Mortgage Calculator
$99,980
Estimated Monthly Payment
$2,456
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,456/mo (20% down, 5.5%)
Taxes: $167/mo · Insurance: $125/mo
Estimates only. Consult a financial advisor.