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Price Change$499,000

93 Stanley Street

South F, London South

$459,000

Detached|2-Storey
4 | 2 | 6
About this home

Located near the intersection of Stanley Street and Wharncliffe rd. 4 Bedroom, 2 Full Bath, Easy Access to Downtown to the East (5 min. drive), and walking trail to the West of the property (Park and Trail), close to Wortley Village, and it has CC1 zoned (once was a convenience Store). There was once a Profitable Convenience Store attached to the front of the house that had been closed in 2013 as the owner wanted to retire. 10ft Cellings throughout. This house is cool in the summer and warm in the winter. On the main floor, full kitchen, newer hardwood and laminate floor throughout. 2nd and 3rd floor use to have separate Apartment unit with separate kitchen. Kitchen Hook up for the 2nd floor kitchen is available. Generous sized dining room, living room in the main floor and separate family room. Some of the original solid doors are taken off but preserved in the basement. The track for the double hung door separates the family room from living room can easily be restore its use by lifting the newly laid hardwood over the track. There are four bedrooms on the second floor with big attic accessed from the second floor. 4 Bedrooms and 2 full Bathrooms with tall ceiling gives airy feels to this old unique house. Parking at the back of the building where multiple cars can be parked. The parking is adjacent to the City of London Property. This building has character, exposure, easy to enter and exit and lots of potential to run small business. The property is being sold in"As is, where is" condition with no representations or warranties.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$4,613
Lot Size47.25 ft x 132 ft
mls© NumberX13143726
Listed ByNU-VISTA PINNACLE REALTY BROKERAGE 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
$384
Heat allowance
$150
Housing costs
$2,884 / mo

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

Down payment20% · $91,800
25-yr amortization

Income needed

$89,000

gross annual household income

Payment at 4%
$1,932 / mo
Cash down
$91,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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