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East B, London East
$949,000
Exceptional opportunity in London's prestigious Old North, just steps from top-ranked schools, Western University, hospitals, Richmond Row, boutique shopping, and renowned restaurants. This versatile 5+1 bedroom property offers outstanding potential for investors, multi-generational families, or owner-occupants seeking additional income. The main residence features a spacious and thoughtfully designed layout, with 3 bedrooms on the second floor, a 4-piece bathroom, and separate upper-level laundry. The main floor primary bedroom offers a walk-in closet and a walkout to the private backyard, while an additional main-floor bedroom can easily be converted into a home office to suit your needs. A 3-piece bathroom completes the main level. Theself-contained lower-level suite features 1 bedroom, an updated kitchen, comfortable living area, and ensuite laundry, making it ideal for rental income or extended family. A detached heated 2-car garage with electricity adds even more value and future potential. Each unit enjoys its own private outdoor space, and the home can easily be converted back to a single-family residence, with a wet bar already in place in the basement. Potential separate entrance available to the basement. The recent upgrades include: furnace and A/C (2022), upgraded electrical panels in house (200 AMP) and garage in 2022, new kitchen appliances (2020-2022), front deck (2020), garage heather (2022), gas fireplace (2020), built-in electric Napolean fireplace (2022)
No extras listed.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $6,780 |
| Lot Size | 49.75 ft x 80 ft |
| mls© Number | X13507972 |
| Listed By | FOREST HILL REAL ESTATE 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%
- $4,857
- Property tax
- $565
- Heat allowance
- $150
- Housing costs
- $5,572 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$171,000
gross annual household income
- Payment at 4%
- $3,994 / mo
- Cash down
- $189,800
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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