312 Fairview Avenue London South, Ontario N6C 4T8

$499,999

Whether you are a healthcare professional looking to walk to work, an investor seeking a high-value land play, or a family looking for a solid, affordable house, this property is a rare find. The location is unbeatable, situated literally a five-minute walk from Victoria Hospital-allowing you to trade parking fees and traffic jams for a short walk to work. The true value, however, is the land itself. This bungalow sits on the largest lot on the entire street, offering a massive, private backyard. Priced close to land value, you are essentially securing a prime lot with a solid house included nearly for free. Equipped with 3 bedrooms on the main floor and 2 in the basement this could be the perfect solution for a growing family who would like to stop throwing away money on rent. Strategically priced so that a buyer could get a free down payment from the City of London! (if approved)The home's position on the lot makes it a perfect candidate for an addition or a secondary suite. This is a prime setup for a "house hack" or an Airbnb unit; properties this close to the hospital typically see high demand and could significantly offset your mortgage payments. Families will also benefit from being just 800 meters from Princess Elizabeth Public School. The existing bungalow is a sturdy foundation ready for your updates and vision. Don't miss this chance to build instant equity on a massive lot in a high-demand location. (id:20872)

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https://www.realtor.ca/real-estate/29683583/312-fairview-avenue-london-south-south-h-south-h