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Price Change$494,900

224 CULVER Crescent

East H, London East

$494,900

Detached|Bungalow
3 | 2 | 0
About this home

Legally zoned duplex in a fantastic location, offering an excellent opportunity as an investment property or a lovely single-family home. Situated on a quiet, picturesque street lined with well-maintained homes, mature trees, and plenty of privacy, this property combines comfort with outstanding income potential. The exterior is beautifully maintained with attractive brick and siding. Currently occupied by cooperative month-to-month tenants, the buyer has the flexibility to continue the existing tenancies or request vacant possession, with a professional cleaning included. Inside, you'll find a bright, newly updated eat-in kitchen, durable laminate and ceramic flooring, and a spacious layout featuring 3+1 bedrooms and two modern bathrooms. The inviting family room offers a cozy gas fireplace, while the covered rear patio overlooks a private backyard-perfect for relaxing or entertaining. An ideal opportunity for first-time buyers looking to offset their mortgage with potential lower-level rental income, or for investors seeking a turnkey income property in a desirable neighbourhood. Conveniently located close to schools, including Fanshawe College, parks, shopping, public transit, and other everyday amenities. A wonderful family-friendly neighbourhood with exceptional value.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,051
Lot Size40 ft x 105 ft
mls© NumberX13529126
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%
$2,533
Property tax
$254
Heat allowance
$150
Housing costs
$2,937 / mo

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

Down payment20% · $98,980
25-yr amortization

Income needed

$90,000

gross annual household income

Payment at 4%
$2,083 / mo
Cash down
$98,980

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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