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Price Change$350,000

85 Josephine Street

South I, London South

$329,900

Detached|Bungalow
2 | 1 | 3
About this home

Welcome to this well-located 2+1 bedroom home situated along a prime transit corridor in South London. Just a short walk to Victoria Hospital and offering direct transit access to downtown London, Fanshawe College, Western University, LHSC hospitals, shopping, and major employment centers, this location delivers exceptional convenience for homeowners and investors alike. This home offers a functional layout and presents an excellent opportunity to add value and make it your own. Featuring two bedrooms on the main level, an additional bedroom below, one full bathroom, and a spacious yard, the property provides plenty of potential for first-time buyers, downsizers, or savvy investors seeking a strong addition to their portfolio. With a breaker electrical panel and select vinyl windows having been updated already, this allows the next owner to focus on cosmetic improvements and personalization. Outside, enjoy a generous backyard and parking for up to three vehicles. Offering great bones, outstanding accessibility, and incredible potential, this property represents an excellent opportunity to enter the market, build equity, or expand your investment portfolio. Don't miss your chance to unlock the full potential of this conveniently located South London home.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$2,142
Lot Size37 ft x 125 ft
mls© NumberX13462370
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%
$1,689
Property tax
$178
Heat allowance
$150
Housing costs
$2,017 / mo

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

Down payment20% · $65,980
25-yr amortization

Income needed

$62,000

gross annual household income

Payment at 4%
$1,388 / mo
Cash down
$65,980

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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