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South I, London South
$499,800
**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.**
No extras listed.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $5,566 |
| Lot Size | 40.1 ft x 135.34 ft |
| mls© Number | X13145860 |
| Listed By | CENTURY 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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