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East I, London East
$649,900
Exceptional investment opportunity or ideal mortgage helper! This beautifully detached backsplit offers 6 spacious bedrooms, 3 bathrooms, and fully equipped kitchens with a separate side entrance, providing excellent flexibility for multi-generational living or rental income potential. The finished lower level offers additional living space and privacy for occupants. Enjoy parking for up to 6 vehicles and convenient access to public transit right outside your door, with easy connections to downtown London, Fanshawe College, and Western University. Situated on a generous lot in an established neighbourhood close to schools, shopping, parks, and amenities, this property is an excellent addition to any investment portfolio or a perfect opportunity for owner-occupiers seeking supplemental income potential.
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| Type | Detached |
| Style | Backsplit 3 |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,041 |
| Lot Size | 50 ft x 100 ft |
| mls© Number | X13506886 |
| Listed By | CENTURY 21 GREEN 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%
- $3,326
- Property tax
- $337
- Heat allowance
- $150
- Housing costs
- $3,813 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$117,000
gross annual household income
- Payment at 4%
- $2,735 / mo
- Cash down
- $129,980
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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