221 Admiral Drive
East I, London East
$459,000
Solid 4 level backsplit located in desirable Nelson Park area close to amenities, school and public transportation. Easy commute to the highway. This 3 plus 1 bedroom, 2 bath home was previously renovated and features an updated kitchen with a super-sized island. The lower level features a spacious recroom area with 2nd bathroom. Another level down and you have an additional finished room as well as the utility area and laundry. Nice sized backyard is fully fenced and also has a nice patio for summer get togethers.
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| Type | Detached |
| Style | Backsplit 4 |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,442 |
| Lot Size | 50 ft x 122 ft |
| mls© Number | X12995694 |
| Listed By | BLUE FOREST REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,349
- Property tax
- $370
- Heat allowance
- $150
- Housing costs
- $2,870 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$88,000
gross annual household income
- Payment at 4%
- $1,932 / mo
- Cash down
- $91,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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