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Listed 5 months ago

557 Inverness Avenue

North P, London North

$935,000

Detached|Bungalow
3 | 3 | 4
About this home

WELCOME TO OAKRIDGE ACRES. THIS WELL MAINTAINED 3 PLUS 2 BEDROOM HOME IS SITUATED ON AN IMPRESSIVELY LARGE LOT SURROUNED BY MATURE TREES AND GARDENS IN ONE OF LONDON'S MOST DESIRABLE WEST-END NEIGHBOHOODS . THIS OVERSIZED BUNGALOW OFFERS AN EXCEPTIONAL OPPORTUNITY FOR BUYERS SEEKING THE COMFORT OF ONE FLOOR LIVING COMBINED WITH LOWER LEVEL LUXURY. THE LOWER LEVEL FEATURES APPROXIMENTLY 1300 SQ FT. OF PROFESSIONALLY FINISHED SPACE INCLUDING 2 BEDROOMS WITH EGRESS WINDOWS, HOBBY AREA/REC ROOM/SEWINGROOM/GYM, LOADS OF STORAGE AND A 3 PC BATHROOM WITH AN AMAZING SHOWER. AN ON DEMAND WATER HEATER IS OWNED. THE MAIN FLOOR FEATURES A WELL DESIGNED FLOOR PLAN INCLUDING A GREAT ROOM AND KITCHEN/DINING ROOM WITH 2 SKYLIGHTS, FIREPLACE, THREE BEDROOMS AND TWO BATHROOMS INCLUDING AN EN-SUITE. THE COVERED PATIO OVERLOOKS A PRIVATE FENCED YARD. PERFECT FOR ENTERTAINING. A PROFESSIONALLY FINISHED FREE STANDING BUILDING COMPLETE WITH HYDRO AND INSULATION IS PRESENTLY USED AS A WORKSHOP BUT HAS POSSIBILITES FOR A GRANNY FLAT OR IN HOME BUSINESS. PLUS A VERY NICE GARDEN SHED ALSO PROFESSIONALLY BUILT. A DOUBLE WIDE DRIVEWAY PROVIDES AMPLE PARKING AND A BEAUTIFUL GARAGE WITH AN EXPOXY FINISHED FLOOR. ADDITIONAL HIGHLIGHTS INCLUDE EXCELLENT SCHOOLS, CLOSE TO SHOPPING, CHURCHES, PARKS AND OAKRIDGE ARENA COMPLETE WITH A SUPERVISED SWIMMING POOL. THIS IS AN OUTSTANDING OPPORTUNITY TO OWN A FANTASTIC BUNGALOW ON A BEAUTIFUL LOT IN ONE OF LONDONS PREMIER NEIGHBOURHOODS. WELCOME TO OAKRIDGE.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age16-30
Size1500-2000 sq. ft.
Property Tax$6,873
Lot Size41.1 ft x 185 ft
mls© NumberX13177422
Listed ByROYAL 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%
$4,786
Property tax
$573
Heat allowance
$150
Housing costs
$5,509 / mo

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

Down payment20% · $187,000
25-yr amortization

Income needed

$169,000

gross annual household income

Payment at 4%
$3,935 / mo
Cash down
$187,000

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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