351 Fleming Drive
East D, London East
$549,900
Calling Investors! Welcome to 351 Fleming Drive, located within just minutes walking distance to Fanshawe College Main Campus. This fully licensed, 4-Level Back-Split Style property features over 2000 sq.ft of total living space, 5 bedrooms, 2 full bathrooms, a fully finished basement with an office, and a single-car garage with a double-wide private driveway. The irregular pie-shaped backyard is fully fenced with a side deck off the kitchen. Location can't be beat for investment, with close proximity to both Fanshawe College Main Campus, Z Building, 3M, General Dynamics, Trios College, numerous amenities, and the new Bus Rapid Transit (BRT), providing investors with long-term growth potential. Buyer to assume existing tenants, currently rented for $4,058.48 per month / $48,701 per year.
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| Type | Detached |
| Style | Backsplit 4 |
| Approx. Age | 16-30 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,040 |
| Lot Size | 32.62 ft x 155.7 ft |
| mls© Number | X13435534 |
| 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%
- $2,815
- Property tax
- $337
- Heat allowance
- $150
- Housing costs
- $3,301 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$102,000
gross annual household income
- Payment at 4%
- $2,314 / mo
- Cash down
- $109,980
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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