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Listed 3 months ago

1169 Oxford Street E

East G, London East

$475,000

Detached|Bungalow
3 | 3 | 5
About this home

Calling all visionary buyers and savvy investors! This property offers a fantastic opportunity for an eager handyman to invest some sweat equity and TLC and truly make it shine. Its a golden opportunity brimming with potential, with OC5 and ASA3 zoning, this property offers incredible flexibility, strategically situated near Fanshawe College, major shopping centers, and convenient bus routes. The main floor of this bungalow presents three well-sized bedrooms, a four-piece bathroom, living room with gas fireplace and a dining area just off the kitchen. Recent upgrades include a new furnace (2020), enhanced spray foam insulation along with all newer windows in the lower level and in all bedrooms. This is more than just a home; it's a smart investment in a thriving community. Whether you're looking to upgrade the home and make it a great family residence with future income potential or a turnkey student rental conversion project, and the lower level is already equipped with two distinct Kitchen areas, two bathrooms and separate entrances, this London bungalow offers a truly unbeatable opportunity. Bring your vision to life and transform this space into your dream family haven or a high-yield income property the possibilities are endless!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$2,550
Lot Size40 ft x 116.25 ft
mls© NumberX13231232
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%
$2,431
Property tax
$213
Heat allowance
$150
Housing costs
$2,794 / mo

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

Down payment20% · $95,000
25-yr amortization

Income needed

$86,000

gross annual household income

Payment at 4%
$1,999 / mo
Cash down
$95,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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