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Listed 4 months ago

1433 FANSHAWE PARK Road E

North D, London North

$829,000

Detached|Bungalow
2 | 2 | 7
About this home

Welcome to 1433 Fanshawe Park Rd E in the heart of London-a rare income-generating opportunity in a prime location! This spacious home features 2+1 bedrooms with walkout basement, offering incredible flexibility for multi-generational living or rental potential. The fully finished basement with separate entrance makes it ideal for a secondary unit setup or student rental. Enjoy a functional layout with bright living spaces, generously sized bedrooms, and plenty of room for tenants or extended family. They have big driveway to enter and exit plus additional parking adds even more value for multiple occupants. Step outside to a peaceful backyard backing onto a scenic pond, providing privacy and a beautiful natural setting-something rarely found in the city !Located directly on Fanshawe Park Road East with a bus stop right at your doorstep, this property offers unbeatable convenience-especially for students and commuters. Just minutes to Fanshawe College, shopping, parks, and all major amenities. Rare .75 acres comer site at Major Intersection (Highbury Ave N & Fanshawe Park Rd E) within a Primary Transit area. Surrounding lands have been recently rezoning from low density R1 to higher density residential(R5/R6/R8), supporting stacked townhomes, mid rise, and the apartment developments. Located in a rapidly intensifying corridor aligned with the City's growth and density objectives, offering excellent long term redevelopment potential for builders and Developers (subject to municipal approvals)

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Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$5,220
Lot Size100 ft x 320 ft
mls© NumberX13053548
Listed ByROYAL LEPAGE FLOWER CITY REALTY

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%
$4,243
Property tax
$435
Heat allowance
$150
Housing costs
$4,828 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $165,800
25-yr amortization

Income needed

$149,000

gross annual household income

Payment at 4%
$3,489 / mo
Cash down
$165,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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