1082 LAWSON Road
North I, London North
$659,000
LICENSED. Attention families, investors, parents and University of Western Ontario students! This 100% TURNKEY 7 Bed (potential for 8 beds), 3 bathroom, brick bungalow home with large garage and double driveway is located in desirable North-West London. 1-MINUTE-WALK to bus stop, and ONE BUS RIDE (10 Minutes) to Western University. New gas fireplace, new fence, renovated kitchen, Newer gas hot water tank and furnace (2020), furnace/AC/Water Heater all owned, newer central vac (2021) and new front deck. Whether you have family to occupy part of the house, or want a long-term amazing return on investment property (high CAP rate), this house is a must-see.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 31-50 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,096 |
| Lot Size | 51.16 ft x 99.5 ft |
| mls© Number | X13500564 |
| Listed By | TEAM GLASSER REAL ESTATE 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%
- $3,373
- Property tax
- $425
- Heat allowance
- $150
- Housing costs
- $3,948 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$121,000
gross annual household income
- Payment at 4%
- $2,773 / mo
- Cash down
- $131,800
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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