3077 White Oak Road
South W, London South
$1,692,000
Value is in the land, currently has an older residential home on the site. Ideal small development in a popular south London area close to the 401. Possibilities for the site are severing 5 or 6 residential lots fronting on Bateman Trail, small commercial plaza, or small mixed commercial / residential low rise. All changes are subject to approval by the City of London.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 2000-2500 sq. ft. |
| Property Tax | $5,482 |
| Lot Size | 105.45 ft x 190.65 ft |
| mls© Number | X13103138 |
| Listed By | ROYAL LEPAGE TRILAND 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%
- $8,660
- Property tax
- $457
- Heat allowance
- $150
- Housing costs
- $9,267 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$285,000
gross annual household income
- Payment at 4%
- $7,120 / mo
- Cash down
- $338,400
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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