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Price Change$529,900

201 Emerson Avenue

South I, London South

$499,800

Detached|Bungalow-Raised
3 | 2 | 3
About this home

**Attention investor and first-time home buyer** Welcome to this renovated 3-bedroom detached bungalow, offering an excellent opportunity for first-time buyers, families, or investors. Situated in a quiet, family-friendly neighborhood, This home features a bright open-concept layout with spacious living and dining areas, ideal for everyday living and entertaining. The modern kitchen is equipped with stainless steel appliances and updated finishes throughout. All bedrooms are conveniently located on the main floor, along with a versatile den/office space. A separate side entrance and a bedroom walkout to the backyard provide added flexibility and potential for an in-law suite or income-generating use. The finished basement offers additional living space, perfect for a family room, recreation area. Located close to parks, schools, hospitals, and everyday amenities, this home combines comfort, convenience, and in-law potential In a desirable setting,**There are some pictures virtually staged, including curb appeal.**

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$5,566
Lot Size40.1 ft x 135.34 ft
mls© NumberX13145860
Listed ByCENTURY 21 FIRST CANADIAN CORP

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%
$2,558
Property tax
$464
Heat allowance
$150
Housing costs
$3,172 / mo

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

Down payment20% · $99,960
25-yr amortization

Income needed

$98,000

gross annual household income

Payment at 4%
$2,103 / mo
Cash down
$99,960

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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