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Listed 3 months ago

261 Winnipeg Street

East H, London East

$459,000

Detached|Bungalow
2 | 3 | 3
About this home

Welcome to this charming and well-maintained 2-bedroom home located in a mature, family-friendly neighborhood surrounded by beautiful trees. Originally designed as a 3-bedroom home, it has been thoughtfully converted to a 2 bedroom to provide a more spacious and functional layout. The bright main floor offers comfortable living and dining areas, along with a full 3-piece bathroom. The fully finished basement provides valuable additional living space, perfect for a recreation room, home office, gym, or guest area, and features an additional TWO 3 piece bathrooms .Situated on a mature lot in an established neighborhood, this home offers comfort, character, and convenience. Ideally located close to schools, parks, shopping, public transit, and other essential amenities, it is an excellent opportunity for first-time buyers, downsizers, or investors alike. As an added bonus, the seller is offering a $3,000 credit to the buyer upon closing to assist with repainting and personalizing the home to their taste.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,092
Lot Size56.81 ft x 134.49 ft
mls© NumberX13457190
Listed ByNU-VISTA PINNACLE REALTY BROKERAGE 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%
$2,349
Property tax
$258
Heat allowance
$150
Housing costs
$2,757 / mo

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

Down payment20% · $91,800
25-yr amortization

Income needed

$85,000

gross annual household income

Payment at 4%
$1,932 / mo
Cash down
$91,800

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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