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Listed 3 months ago

29 Court Lane

East O, London East

$550,000

Detached|Bungalow
3 | 2 | 3
About this home

Welcome to 29 Court Lane, a fully renovated raised bungalow offering exceptional versatility,modern finishes, and outstanding income potential. Situated on a quiet, tree-lined street inEast London, this city-approved legal in-law suite is the perfect opportunity for investors,multi-generational families, or buyers looking to offset their mortgage with rental income.The property features a spacious 3-bedroom main floor unit and a bright 2-bedroom lower-levelsuite, each thoughtfully designed with separate entrances and separate laundry facilities formaximum privacy and convenience.The main level boasts a bright and functional layout with large windows, updated finishes, andcomfortable living spaces ideal for families. The lower suite offers excellent flexibility asa mortgage helper, in-law accommodation, or income-generating rental unit. Both units havebeen renovated to provide turnkey living with minimal maintenance required.Set on a generous lot surrounded by mature trees, the property offers ample outdoor space forrelaxation, entertaining, or family enjoyment. The quiet location provides a peacefulresidential setting while remaining close to schools, parks, shopping, public transit, andmajor commuter routes.Whether you're an investor seeking strong rental potential, a first-time buyer looking foradditional income, or a family needing flexible living arrangements, this rare legal duplex-style bungalow delivers incredible value and opportunity. Move in, rent out, or do both-29Court Lane is a turnkey property that checks all the boxes.Don't miss this rare opportunity to own a fully renovated legal in-law suite property in oneof London's established neighbourhoods. Book your private showing today!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$2,737
Lot Size58.09 ft x 100.25 ft
mls© NumberX13431638
Listed ByRE/MAX REALTRON REALTY 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%
$2,815
Property tax
$228
Heat allowance
$150
Housing costs
$3,193 / mo

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

Down payment20% · $110,000
25-yr amortization

Income needed

$98,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$110,000

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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